Gold held steady on Friday and was on track for a second weekly gain on eased concerns over Federal Reserve rate path.

Spot gold was little changed at $4,353.73 an ounce due to profit taking after reaching a 10-week high earlier in the week. U.S. gold futures were down 0.3 percent at $4,408.72.

The dollar nudged lower as signs of slowing U.S. inflation and a retreat in oil prices raised optimism that the U.S. Federal Reserve would hold interest rates steady next month.

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