Gold futures prices stabilized as markets assessed the resilience of the world's largest economy, reinforcing the Federal Reserve's reticence to resume monetary easing, amid anticipation of fresh US economic data.
During Friday's trading, gold futures for August delivery were steady at $3,345.10 per ounce.
Spot gold was virtually unchanged at $3,339.54 per ounce.
The dollar index, which measures the greenback's performance against a basket of six major currencies, fell 0.2% to 98.53, but is on track for a second consecutive weekly gain.
While silver futures for September delivery rose 0.45% to $38.48 per ounce, spot platinum prices fell slightly by 0.1% to $1,465.19, while palladium rose 1.7% to $1,300.26.
Recent economic data pointed to improved consumer and labor market momentum in the United States. Retail sales rose more than expected in June, while initial jobless claims fell, contrary to expectations of an increase, during the week ending July 12.
Investors are awaiting the release of the preliminary reading of the University of Michigan's Consumer Confidence Index today, to gauge their inflation expectations amid trade tensions
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