And gold in instant trades rose 0.3% to $1,964.09 an ounce at 11:10 GMT, after falling to its lowest level since early April yesterday, Thursday.
Gold futures rose 0.4% to $1,967.80.
The dollar index fell 0.3% during the day, putting gold within reach of holders of other currencies, but the index is heading for gains for the second week in a row.
Gold is heading for its worst week since early February and is down around 2.3% so far this week.
A White House official said Democratic negotiators told President Joe Biden on Friday they were making “steady progress” in talks with Republicans aimed at averting a default crisis for the United States.
Gold hit $2,072.19 earlier this month, pennies off its all-time high of $2,072.49, but has since fallen around 5% after data showed market contraction labor and continued high inflation.
Reuters technical analyst Wang Tao said gold prices could fall further to a range between $1938 and $1947 an ounce.
As for other precious metals, spot silver rose 0.4% to $23.60 an ounce. Platinum rose 1.6% to $1,065.34. Palladium rose four percent to $1,511.40.
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