• Gold held steady on Friday near a three-week high and was on track for a second consecutive weekly gain, underpinned by a weaker dollar and U.S. political uncertainty.
• Heightened political concerns surrounding investigations into President Donald Trump's campaign ties with Russia are currently the key driver supporting gold prices, said Stephen Innes, head of trading for Asia Pacific at OANDA in Singapore.
"What we're seeing right now is the overhang from political risks in the United States," Innes said.
• The Republican Party's repeated failures to overhaul the healthcare system and multiple congressional and federal investigations into President Donald Trump's campaign's ties to Russia have cast a shadow over his first six months in office.
• Spot gold rose 0.1 percent to $1,245.01 per ounce at 0401 GMT after touching a three-week high of$1,247.48 an ounce in the previous session. It is up about 1.4 percent for the week so far.
• The euro also held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn. A weaker dollar makes U.S. dollar denominated gold more attractive for buyers using other currencies.
• Spot gold may test a resistance at $1,250 per ounce, a break above which could lead to a further gain to$1,261, according to Reuters technical analyst, Wang Tao.
• Among other precious metals, silver fell 0.1 percent to $16.28 per ounce after touching $16.42 in the previous session, the highest since July 3.
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