Gold prices fell on Friday after a sharp rise in the previous session as the dollar regained lost ground, although doubts over a swift global economic recovery kept bullion on track for a weekly gain.
Spot gold was down 0.3% at $1,947.41 per ounce by 0058 GMT, after hitting its best level since September 2 at $1,965.94 on Thursday. Gold has gained 0.8% so far this week.
The dollar index held firm against its rivals, recovering from a drop against the euro in the previous session.
A stronger greenback makes gold more expensive for holders of other currencies.
Asian markets were expected to fall on Friday in response to declines in technology stocks that began last week and growing concerns about another round of negotiations on the UK’s departure from the European Union.
The European Central Bank left policy unchanged on Thursday.