Gold prices were steady in Asian trade on Friday after posting a sharp decline in the previous session on a stronger dollar, as anticipation of a Federal Reserve meeting next week benefited the greenback.
However, the yellow metal held on to most of its gains this week, as safe-haven demand was supported by rising geopolitical tensions in the Middle East and Asia.
Spot gold was steady at $2,687.44 an ounce, while February gold futures were flat at $2,709.51 an ounce by 00:00 ET (05:00 GMT). Spot prices are trading up more than 2% this week.
The yellow metal pared some of its gains this week as the dollar strengthened ahead of next week's Fed meeting
As of this writing, Gold is at $2,684
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