Gold was little changed on Friday, just off a six-week high hit earlier this week, torn between a soft dollar and firmer equities. Gold rose to as high as $930.40 per ounce on Wednesday, the highest since April 1, buoyed by purchases by gold-backed exchange-traded funds (ETFs). But buying has come to a standstill on a rebound in global stock markets, which has reduced the allure of gold as a safe-haven asset.
Spot gold was steady at $926.20 per ounce at 0728 GMT, up 0.1 percent from New York's notional close of $925.35. US gold futures for June delivery fell $1.6 to $926.80 per ounce, after settling up $2.50 on Thursday on the COMEX division of the New York Mercantile Exchange.