• Gold prices held firm on Friday astensions between the United Kingdom and Russia and renewed U.S.political concerns offset worries about a possible U.S. ratehike next week.
Spot gold was unchanged at $1,315.50 per ounce at 0200 GMT. Spot gold has fallen 0.6 percent so far this week.
U.S. gold futures for April delivery fell 0.2percent to $1,315.20 per ounce.
Gold prices fell 0.7 percent in the previous session, under pressure from a stronger U.S. dollar.
• The dollar rose versus a currency basket as traders,awaiting next week's Federal Reserve meeting, eyed data thatshowed the number of Americans filing forunemployment benefitsfell last week.
• The U.S. Federal Reserve will begin its two-day rate settingmeeting on March , at which the U.S. central bank is expectedto raise interest rates for the first time this year. 20
• "Investors are starting to focus on next week's Fed meeting,which should beconstructive for the dollar and bearish forgold," said INTL FCStone.
• Meanwhile, Moscow said it would retaliate against London'smove to expel Russiandiplomats over a nerve toxin attack ona Russian former double agent in Britain. 23
• Growing U.S. political uncertainties following the recentdeparture of two key officials, former Secretary of State RexTillerson and top economic advisor Gary Cohn, from the Trumpadministration have also left investors worried.
• Worries over the U.S. investigation into the TrumpOrganization also tested investor nerves, already frayed byfears U.S. tariffs could hurt the global economy and trigger atrade war.
• U.S. Special Counsel Robert Mueller has subpoenaed the TrumpOrganization for documents, including some related to Russia,the New York Times reported onThursday, citing two peoplebriefed on the matter.
• The rise of geopolitical tensions between the UK and Russialikely tempered any selloff in gold despite a firmer dollar,Stephen Innes, APAC trading head at OANDA said.
• "Traders remain incredibly indecisive about the course ofFed policy, and all asset markets are enduring positionadjustments where the lack of investor participation couldexaggerate price action."
• Among other precious metals, silver was flat at$16.37.
• Platinum was steady at , while palladium fell percent to $$953.900.1 985.50.
Reference: Reuters