Spot gold pared early losses on Friday, putting it on track for its best week since February 2009 as worries about the eurozone debt crisis and global growth drive investors to safe havens. Spot gold fell as much as 3.5 percent on Thursday, as stock and commodities markets rebounded on reassuring US jobless claims data, and lost 1 percent earlier in the day.
Spot gold stood at $1,763.25 an ounce by 0615 GMT, down 0.2 percent from the previous close and off a session low of $1,747.54.