Gold was flat on Friday, trading close to its lowest in nearly two weeks after sharp losses in the previous session caused by month-end profit taking, strong US economic data and a higher dollar. Spot gold edged up 0.1 percent to $1,324.61 an ounce by 0646 GMT after Thursday's 1.4 percent slide. "Until tapering begins, gold will be able to trade at this level in a tight range for a considerable period of time," said Helen Lau, an analyst at UOB Kay Hian Securities in Hong Kong.