Gold prices eased on Friday, reflecting tension between an easier global interest rate backdrop and the chance of U.S. monetary policy being tightened before the end of the year.
Spot gold shed 0.52 percent to stand at $1,323.72 an ounce, on course for a weekly decline of about 1 percent. U.S. gold was down 0.59 percent at $1,323.40 an ounce. Gold futures settled on Friday at $1323.40 an ounce.
Bullion has benefited significantly — hitting its highest in two years this month — as central banks from Europe to Japan opt to keep policy looser for longer, which neutralises the opportunity cost of holding an asset that does not pay interest.