Gold steadied on Friday as an escalation in U.S.-China tensions underpinned bullion's safe-haven appeal, although positive economic data and easing lockdowns in some countries set up the precious metal for a weekly drop.
Spot gold was trading at $1,727.39 per ounce by 02:48 GMT, having dropped 1.4% on Thursday. U.S. gold futures rose 0.3% to $1,726.50.
Bullion had rallied to its highest since October 2012 on Monday, but has since lost ground and is now heading for a 0.8% weekly decline.
Source : Reuters