Gold set for best week in 7 as dollar softens

Gold prices were poised for their biggest weekly gain in seven on Friday as the dollar and Treasury yields retreated, Reuters reported.

Spot gold was steady at $2,053.89 per ounce by 0335 GMT. Bullion has climbed 1.8% this week, set for its best weekly gain since late December.

US gold futures were flat at $2,071.10.

Spot silver fell 0.2% to $23.13 per ounce, platinum shed 0.2% to $911.24, while palladium rose 0.4% to $966.42.