• Gold was little changed on Friday and poised for the biggest weekly fall in seven weeks as investors sought out higher returns than those from holding the non-interest bearing yellow metal by buying into riskier assets .
Spot gold was up 0.1 percent at $1,264.81 per ounce, as of 0312 GMT, while U.S. gold futures were steady at $1,266.30.
Gold is on track for a weekly drop of 1.5 percent, the largest weekly percentage fall since the week of March 10, but is heading towards a gain of about 1.3 percent for the month.
The dollar edged up in Asian trading on Friday. The dollar index rose 0.1 percent to 99.171.
• "Technically gold has not had a great week ... there seems to be some pressure as the risk-on sentiment is still on despite Trump's tax plans disappointing and especially situation in North Korea does not seem to be inflamed," a Hong-Kong based trader said
• "People are pulling out of gold and moving to risky assets like shares and currencies to make profits," said Brian Lan, managing director at gold dealer GoldSilver Central in Singapore.
"At the moment there are not any major events until the second round of French elections (on May 7) so they are looking at other ways to get more returns," said Lan.
• "People are probably going to buy gold around $1,250 and sell it around $1,280. There is nothing on the news to aggressively buy gold at this point of time," the Hong-Kong based trader added.
• Silver was up 0.2 percent at $17.26 an ounce, after touching an 1-1/2 month low of $17.19 in the last session.
Silver was on track to end the week down over 3 percent, and was headed for the worst month since November.
Reference: Reuters
Thai
Eng