Gold prices edged up on Friday after falling for a seventh session to their lowest level in two months in the previous session.
Spot gold rose by half a percent to $4,674.62 an ounce while U.S. gold futures were up 1.5 percent at $4,676.11.
The rebound comes as the dollar slipped amid hopes of easing tensions in West Asia.
Gold prices, however, remained on track for a third weekly decline, weighed down by recent dollar strength and the Federal Reserve's hawkish stance on inflation and interest rates.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.