The dollar was poised to end the week with a whimper, dropping to a more than one-month low against the yen on Friday after downbeat U.S. spending data gave investors no reason to hope for higher U.S. rates anytime soon.
U.S gold futures for August delivery ended the trading session $3.00 higher at $1,320.00 an ounce, up 0.4 percent for the week.
Spot gold, meanwhile, was up 0.1 percent at $1,318 an ounce, undermined by profit-taking and a lack of news. Still, the metal was not far from $1,325.90—its highest since mid April, hit earlier in the week.
"The technical profile suggests potential for a near-term push to the $1,370-72 area," ANZ analysts said. "But this would be seen as a medium-term range-defining move, rather than a reversal in the downtrend."
Traders warned the metal could still see some choppy trading amid concerns over weak imports in top consumer China and the discovery of $15 billion of loans tied to falsified gold deals in the country.