Gold fell to its lowest in more than a week on Monday as hopes the United States and China would reach a trade deal lifted appetite for riskier asset even as the dollar retreated.
Gold inched lower on Friday, having posted its biggest daily decline in two weeks in the previous session, as the impact of a weak dollar was offset by gains on Wall Street.
* Break below $1,280/oz could trigger further dip in gold-
* SPDR gold holdings drop for seventh session running
Gold rose to its highest in more than a week on Tuesday as the dollar and equities weakened after the International Monetary Fund cut its global economic growth forecasts for the year, with increased buying by central banks lending further support.
* Platinum hovers below 10-month peak hit on Monday
April 8 Gold prices rose to a more than a
one-week peak on Monday as the dollar slipped on slow U.S. wage
growth last month and a rally in equities stalled, boosting
Gold eased on Friday as Wall Street gained on data pointing to a rebound in jobs growth in the United States, but bullion's losses were limited by a simultaneous slowdown in wage growth.
* Platinum set for biggest weekly gain since Jan 2017
(Updates prices, adds comments and details)
Gold inched higher on Thursday, after touching a near 10-week low earlier in the session as the dollar firmed on U.S. jobs data, while investors awaited clarity on U.S.-China trade talks. Spot gold inched 0.2 percent higher to $1,292.72 per ounce as of 3:06 p.m. EDT (1906 GMT).