Gold traded little changed on Friday, but was set for its worst week in more than three years, hurt by a stronger U.S. dollar amid expectations of fewer Federal Reserve rate cuts.
Spot gold rose 0.1% to $2,569.69 per ounce by 0308 GMT after a five-session slide.
Fed Chair Jerome Powell said on Thursday steady economic growth, a strong job market, and persistent inflation justify caution in cutting rates quickly.
With a quiet U.S. calendar next week, gold could rebound, potentially retesting $2,600 level, Simpson said.
Spot silver rose 0.2% to $30.52 per ounce, platinum edged up 0.1% to $940.68 and palladium added 0.5% to $946.00.
Persons:
Gold, Donald Trump's, Fawad, Jerome Powell, Trump, Matt Simpson, Simpson
Organizations:
U.S ., Trump, Forex.com