Gold prices steadied on Friday after touching a one-week low in the previous session, buoyed by expectations of monetary policy easing from leading central banks, while investors awaited U.S. economic growth data due later in the day.
Spot gold was up 0.1% at $1,416.16 per ounce, as of 0415 GMT, after falling to a one-week low of $1,410.77 in the previous session.
The metal lost 0.6% so far this week, putting it on track for its first weekly decline in three.
U.S. gold futures were up 0.1% at $1,416.40.
"Positive view on gold is driven by expectations of broad monetary easing by key central banks globally, including the Federal Reserve and the European Central Bank (ECB)," said Heng Koon How, head of markets strategy at Singapore's United Overseas Bank.
Market participants are now looking forward to the U.S. central bank's July 30-31 monetary policy meeting, where it is expected to trim its interest rate by at least 25 basis points.
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