Gold is highly sensitive to rising US interest rates, as these increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.
Spot gold was up 0.2 percent at $1,338.36 an ounce at 1400 GMT, and was more than 2 percent higher on the week, its best weekly performance since late July.
The metal has been boosted by the Fed moving in a more dovish direction, ABN Amro analyst Georgette Boele said.
"But in the end everyone realises that (a December hike) will likely happen, so it is too dangerous to push gold prices above the previous peak for now," she added.
The metal has been boosted by the Fed moving in a more dovish direction, ABN Amro analyst Georgette Boele said.
"But in the end everyone realises that (a December hike) will likely happen, so it is too dangerous to push gold prices above the previous peak for now," she added.
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