Gold prices held little changed near two-month lows on Friday, as the dollar eased after U.S. President Donald Trump announced plans to impose heavy tariffs on imported steel and aluminum.
Spot gold was flat at $1,316.13 an ounce at 01:24 GMT. Prices fell to their lowest since Jan. 2 to $1,302.61 in the previous session, under pressure from expectations of U.S. interest rate hikes.
U.S. gold futures were up 0.9 percent at $1,317.1 per ounce.
The dollar index, which measures the greenback against a basket of major currencies, was down 0.1 percent at 90.252.
The index shed 0.4 percent overnight after Trump announced plans to impose hefty tariffs on imported steel and aluminum to protect U.S. producers, sparking fears of an imminent trade war.