Investors are awaiting the release of more economic data, including US nonfarm payrolls data at 12:30 GMT.
future projections
The World Gold Council said on Friday that global demand for the gold had fallen in the first three months of 2023, as heavy buying by central banks and Chinese consumers led to fewer purchases by investors.
In its latest quarterly demand trends report, the council said total demand reached 1,081 tonnes, down 13% from the same quarter last year.
The report also showed that Indian demand for gold in the first quarter fell 17% to its lowest level in two and a half years, and is expected to remain weak until the third quarter, due to the record rise in prices. price.
price movements
And at 08:01 GMT, gold in spot trading fell 0.5% to $2040.10 an ounce, but was up more than 2% over the week, and futures on US gold fell 0.3% to $2048.60 an ounce.
As for other precious metals, silver fell 0.6% in spot trades to $25.91 an ounce. Platinum fell 0.1% to $1,038.52 an ounce. Palladium rose 0.2% to $1,450.59 an ounce.
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