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June 17 Gold rose on Friday after registering its biggest one-day fall since May 24 in the previous session, supported by a softer dollar and headed for a third straight weekly gain.

Spot gold was up 0.4 percent at $1,283.90 an ounce at 0355 GMT. Bullion has risen 0.8 percent for this week so far. U.S. gold fell 0.9 percent to $1,287.10.

"Brexit concerns will still be the primary driver over the next few days," said INTL FCStone analyst Edward Meir, referring to the June 23 vote by Britain on whether it will leave the 28-member European Union.

"Given what is at stake, we think that gold will likely push higher until this uncertainty lifts, Thursday's downside reversal notwithstanding," Meir said.

Gold could get a further boost as a safe haven if a vote by Britain to leave the group pushes Europe back into a recession.

The Bank of England escalated its warnings about fallout from the referendum, saying it could harm the global economy and that sterling looked increasingly likely to fall further after any "Out" decision.

"Leading into the Brexit vote, we expect gold to remain around current levels between the $1,270-$1,300 range. But after then all bets are off as everything depends on the results of the referendum," ANZ analyst Daniel Hynes said.

"If UK does leave the EU we could see prices touching $1,400 in the immediate aftermath of the referendum," Hynes said.

"Investors are considering the risk of Brexit to have been lowered, both by reports that European hedge funds believe Brexit will not get up and, secondly, that the shooting (of Cox) has played against the Brexit vote," said Angus Gluskie, managing director of White Funds Management in Sydney

Reference: Reuters