Gold prices faced pressure due to the rising dollar on Friday, but still posted weekly gains, with the yellow metal surpassing the $2700 mark. This was driven by uncertainties surrounding the policies of U.S. President-elect Donald Trump and renewed expectations of continued interest rate cuts by the U.S. Federal Reserve.
Spot gold dropped by 0.4% to $2701.03 per ounce, while the U.S. gold futures settlement price fell by 0.1% to $2748.70.