Gold prices inched up on Friday, a day after the metal posted its biggest daily percentage decline in two weeks, as the dollar and Asian equities slipped.
Spot gold was up 0.1% at to $1,293.30 U.S. per ounce, after touching a one-week low on Thursday. U.S. gold futures gained 0.2% to $1,295.40 an ounce.
The dollar fell about 0.2% against key rivals, paring most of the gains made in the previous session, and was en route its first weekly fall in four.
Gold fell more than 1% in the previous session after reports showed that the weekly jobless claims in the United States fell to the lowest in nearly half a century and producer prices increased the most in five months in March.
The shiny yellow metal was on track for its first weekly gain in three, having risen 0.1% so far this week.
It had risen to its highest since end-March earlier this week due to dovish central banks and worries about global growth.
The International Monetary Fund on Tuesday slashed its global economic growth forecasts for the year. The U.S. Federal Reserve and European Central Bank maintained their dovish policy stance citing slowdown in global growth.
Among other precious metals, silver gained 0.4% to $15.01 U.S. an ounce, but was down about 0.5% for the week.
Spot platinum gained about 1.1% to $897.05 U.S. per ounce, and was on track for its fifth straight weekly gain.
Palladium was up about 0.5% at $1,372.49 U.S. per ounce.
