Gold gave up earlier gains on Friday after U.S. Federal Reserve Chair Janet Yellen said she expected the central bank to raise interest rates sometime this year but pointed to concerns that U.S. labor markets remain weak.
In a speech that cautioned about the status of workers as well as some international risks, Yellen gave no direct hint about whether she anticipated more than one rate hike over the Fed's four remaining meetings in 2015.
"(It) looks like a probable interest rate hike scheduled for this year, with or without Greece," said George Gero, precious metals strategist for RBC Capital Markets in New York.
Spot gold was up 0.1 percent at $1,160.33 an ounce. Prices remained near a four-month low of $1,146.75 reached on Wednesday.
U.S. gold for August delivery settled down 0.1 percent at $1,157.90 an ounce.