Gold prices fell on Friday as the dollar recovered and stronger equity markets took the shine of the metal. This prompted market players to collect profits.
Gold for April delivery on the Comex on the New York Mercantile Exchange fell $ 10.70, or 0.85 percent, to end the session on Friday and reached $ 1,254.30 an ounce.
The dollar recovered from five-month lows on Friday as investors bought back the US currency ahead of the weekend after aggressive sales Earlier during the week.
The index of US dollars, which measures the strength of the greenback against a trade-weighted basket of six major currencies rose 0.3 percent on Friday to settle at 95.07 levels away from five-month low of 94.61.
On Thursday, gold rose $ 35.30, or 2.86 percent, after the Federal Reserve surprised markets on Wednesday by cutting its forecast of 4 increases in interest rates to 2 in 2016.
This week, market participants are focused on Friday when the US will announce final GDP data for the fourth quarter, which will give fresh indications about the strength of the economy.
Reports on US durable goods orders and home sales will also be in focus as investors attempt to gauge if the world's largest economy is strong enough to withstand further rate hikes in 2016.
Investors will also be paying close attention to a number of speeches by key Fed officials this week, including James Bullard, Dennis Lockhart, Jeffrey lacquer, Charles Evans and Patrick Harker.
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