Gold moved but slightly wer on Friday as the dollar rebounded, but prices remained within reach of a 13-month high touched, after the European Central Bank's announcement of additional easing.
ECB President Mario Draghi rolled out measures on Thursday including increased asset buying and a deeper cut to deposit rates, while hinting there would be no further rate cuts.
Spot gold rose as far as $1,282.51 U.S. an ounce, its strongest since Feb. 3, 2015, before falling nearly 1% to $1,258.96 U.S., as the dollar rebounded from a three-week low versus the euro and European equities fell.
U.S. gold for April delivery also eased 1% to $1,260.10 U.S. an ounce, after peaking at $1,287.80.
Bullion had climbed 1.5% on Thursday, its biggest single-day gain in a week, as the U.S. dollar fell, and was on course for a second weekly rise
Gold has rallied about 20% this year, regaining its role as a shelter for risk-averse investors, in the face of tumbling equities and fears of a global economic slowdown.
Silver futures rose 0.5% to $15.63 U.S> an ounce, platinum futures were down 0.8% at $969.70 U.S. and palladium gained 1.3% to $578.50 U.S.
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