Gold edged lower on Friday after weaker-than-expected first-quarter growth data from China prompted a modest rise in the dollar, but losses were capped as the slower growth fuelled prospects for further monetary easing. Spot gold fell to an intra-day low of $1,671.44 after the GDP data, but pared
some losses to $1,673.34 by 0634 GMT. Prices were on course for weekly gains of more than 2 percent, the biggest one-week rise since late February. US gold inched down 0.4 percent to $1,674.80.