Gold prices traded steady on Friday, on course for their biggest weekly fall in nearly two months, pressured by a firm dollar while investors stay nervous about the deepening eurozone debt crisis. Spot silver fell as much as 2.2 percent to a one-month low of $30.98 an ounce earlier in the day amid a broad retreat in both precious and industrial metals, triggered by a flurry of stop-loss selling.
Spot gold edged up 0.3 percent to $1,725.44 an ounce by 0733 GMT, off the 2-1/2-week low of $1,709.64 hit in the previous session and on track for a weekly decline of 3.5 percent, its sharpest since late September.
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