Gold prices stabilized on Friday after a rise in US Treasury yields erased the effect of a weaker dollar, amid investor anticipation for key inflation data to gain insights into the direction of the Federal Reserve (the US central bank) before next week's meeting.
Gold in spot transactions settled at $4208.46 per ounce as of 03:58 GMT, heading for a weekly decline of 0.5%
US futures contracts for gold delivery in December fell 0.1% to $4237.70 per ounce.
Ten-year US Treasury yields hovered near their highest level in more than two weeks, while the dollar weakened and remained near its lowest level in five weeks against a basket of currencies.
Investors are awaiting the personal consumption expenditures index for September, the Federal Reserve's preferred inflation measure, scheduled to be released at 15:00 GMT.
For other precious metals, silver rose 0.5% to $57.40 per ounce after reaching a record high of $58.98 on Wednesday, and is poised for weekly gains.
Platinum fell 0.4% to $1640.25 and is heading for a weekly loss, while palladium increased by 0.9% to $1461.67 and is on track to end the week higher.
