Gold prices fell slightly, reflecting some improvement in risk appetite after comments from the White House suggested that a U.S. attack on Iran was not imminent.
The precious metal remained down following the restrictive comments from the Federal Reserve earlier this week, which boosted the dollar. Although the dollar slipped slightly on Friday, it was set for weekly gains.
Spot gold fell 0.4% to $3,356.66 an ounce, while August gold futures dropped 1.0% to $3,373.17/ounce