Spot gold rose 0.3% to reach US$4,505.57 per ounce by 04:22 GMT. However, the precious metal remained down about 0.1% for the week. Meanwhile, US gold futures rose 0.1% to US$4,535.90 per ounce.

Other precious metals

Spot silver held steady at US$75.61 per ounce, while palladium advanced 0.5% to US$1,375.63. Both metals were on track to post weekly gains.

In contrast, platinum fell 0.4% to US$1,914.95 per ounce and was set to record a weekly loss.