Gold is sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.
"We believe we are not transitioning to a risk-off world, but simply to a less risk-on one, as lower real rates should stabilize and require stronger global data to then lift interest rates and risk in tandem," said TD Securities in a note.
Silver was up 1.69 percent at $17.85 an ounce, having touched its highest since January 2015 at $17.96 and being on track to rise 15.3 percent this month, its biggest gain since August 2013 as it plays catch-up after lagging gold during its first-quarter surge.
The gold/silver ratio, which measures the number of silver ounces needed to buy an ounce of gold, fell to a six-month low on Friday of 71.8, down from 81.3 at the start of the month.
Platinum was up 2.7 percent at $1.078.70 an ounce, off an earlier 10-month high of $1,080, while palladium futures rose to $624.30 an ounce, the highest in nearly six months.