Spot gold was up 0.8% to $1,927.90 per ounce by 10:25 a.m. EDT (1425 GMT), after dropping to a more than three-month low earlier in the session.
Benchmark 10-year Treasury yields slipped to a 10-day low, reducing the opportunity cost of owning non-yielding gold.
Spot silver rose 0.9% to $22.44 per ounce, but was set for its biggest weekly drop since October 2022.
Platinum was down 0.3% to $920.38, on course for its worst week since August 2022.
Palladium could extend this year's near 30% price decline as the rapid rise of electric vehicles threatens to hammer demand for the autocatalyst metal.
Persons:
Edward Moya, Jerome Powell, Phillip Streible, Mary Daly, Barbara Lewis
Organizations:
Treasury, Federal Reserve, Blue, San Francisco Fed, Reuters, Palladium, Thomson
Locations:
U.S, Chicago, Bengaluru