Gold futures were little changed Friday, holding just below $1100 an ounce amid conflicting views on the health of the global economy.
The precious metal was in demand early in the week as stocks plunged, but gold prices have leveled off over the past two sessions as markets calmed.
February gold fell $1.90, or 0.2%, to settle at $1,096.30 an ounce on Comex.
Prices were up 0.5% for the week.
The outcome of next week’s Federal Reserve meeting could be the next catalyst for gold prices.
In US economic news, the National Association of Realtors said existing home sales rebounded strongly in December.
NAR said existing home sales jumped 14.7 percent to an annual rate of 5.46 million in December.
The material has been provided by InstaForex Company – www.instaforex.com