Gold steadied on Friday, after rising more than 1% in the previous session en route to a weekly gain, propped up by a weaker dollar and expectations for a U.S. interest rate cut, offsetting pressure from a rebound in equities.
Long-term government debt yields were set to finish the week near multiyear lows, held down by weaker data and trade fears.
Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.
Such a move could provide a buffer against any economic weakness that the U.S.-China trade war could cause.
Gold was little changed on Wednesday in the wake of minutes from the latest U.S. Federal Reserve meeting, but the precious metal was trading above the two-week low hit in the last session as stock markets slid on fresh trade tensions.
Government debt yields held lower amid trade war angst and after the Fed's minutes showed members willing to postpone rate decisions.
The Fed should take its cues from falling bond yields and lower short-term interest rates, says economist Art Laffer.
Signs that Asia is already feeling the pinch from a trade conflict between the United States and China pushed the U.S. dollar to a four-week high on Tuesday, while higher U.S. Treasury yields helped the move.
Gold prices dropped to a more than two-week low on Tuesday, as investors opted for the dollar and improved appetite for riskier assets dented the appeal of bullion, while markets awaited the release of minutes from the U.S. Federal Reserve.
U.S. government debt yields rose Tuesday as investors monitor the latest batch of economic data reports and Treasury auctions.
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.
Bostic expressed confidence in the economy, and in the Fed's position on monetary policy, during an interview Monday with CNBC.
U.S. government debt yields slipped Monday morning, as investors prepared for comments from Federal Reserve Chairman Jerome Powell.
Moore, an advocate for easier monetary policy, says the Fed should not be worried about stronger economic growth causing out-of-control inflation.
The U.S. Consumer Price Index was expected to rise 0.4% in April, matching the prior month's increase.
Gold edged up on Monday as a slide in global share markets after Trump administration's threat of further tariffs on China prompted investors to favor safe-haven assets, but bullion's upside was capped by a firm dollar.
Lee says his new year-end target for the S&P reflects the first-quarter earnings "recession," which he said so far has not been as bad as feared.
Cleveland Federal Reserve President Loretta Mester spoke with CNBC on Friday.
Gold prices jumped on Friday, moving further away from a four-month low hit in the previous session, as the dollar slid despite data showing that U.S. jobs growth climbed last month.
The dollar slipped against a basket of currencies on Friday as traders focused on the weaker aspects in the April U.S. payrolls report, brushing aside stronger-than-forecast hiring and a drop in the jobless rate to the lowest in more than 49 years.