Gold rose on Friday, recovering from its biggest daily loss in five months, but remained near multi-year lows after the U.S. Federal Reserve this week lifted U.S. interest rates for the first time since 2006.
The metal has recovered some lost ground after bottoming out on Thursday at $1,047.25 U.S. an ounce, within a few dollars of a near six-year low reached on Dec. 3.
Spot gold was up 1.4% at $1,066 U.S. an ounce, while U.S. gold futures for February delivery were up $15.70 an ounce at $1,065.30 U.S.
Analysts say the metal could revisit $1,000 U.S. an ounce for the first time in six years if it breaks below its early December low at $1,045 U.S. an ounce.
Silver was up 1.5% at $13.90 U.S. an ounce, while platinum was up 0.8% at $850.20 U.S. an ounce and palladium was down 0.5% at $551.24 U.S. an ounce.
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