Gold headed for the longest run of weekly declines in eight months amid speculation the U.S. and China are nearing a trade deal and as data eased concern over slowing global growth, hurting demand for havens.
Spot gold as much as -0.2% to $1,271.94/oz, lowest since Dec. 27, and trades at $1,272.50 at 10:01am in Singapore.
Metal -1.4% this week, poised for fourth straight week of losses.
Other precious metals: Spot silver -0.1%. Platinum -0.2%. Palladium -0.3%