Gold ticked lower in volatile trade on Friday, heading for a third straight week of losses as a brightening economic outlook in the United States prompted investors to park their money elsewhere, while India's plan to double the import duty on bullion erased some early gains.
Gold hit an intraday high of $1,664.40 an ounce before slipping to $1,655.69 by 0818 GMT, down $2.04. US April gold fell $3.60 to $1,655.90 an ounce, also erasing early gains.