Gold prices edged higher in Asian trade on Friday, heading for their first weekly gain in four, as the dollar sagged on concerns about the progress of U.S. tax reform.
Spot gold was up nearly 0.2% at $1,254.74 U.S. an ounce early Friday morning, and has gained 0.5% so far this week. U.S. gold futures were unchanged at $1,257 an ounce.
The U.S. dollar was down 0.1% at 112.26 yen.
President Donald Trump's efforts to win passage of a sweeping tax bill in the U.S. Congress hit potential obstacles on Thursday when two more Republican senators insisted on changes.
Spot gold is expected to test a resistance at $1,262 U.S. per ounce, a break above which could lead to a gain to the next resistance at $1,276, according to experts.
In other precious metals, silver and platinum were both 0.2% higher early Friday morning, at $15.90 U.S. an ounce and $880.50 U.S. an ounce, respectively. Palladium was down 0.3% at $1,030.15 U.S.
