On Friday gold futures rose in European trade.
On the Comex division of the New York Mercantile Exchange, Gold futures for April delivery traded at USD1226.00 a troy ounce at time of writing rising 0.43%.
The metal traded earlier at a session high USD1230.90 a troy ounce. Gold was likely to find support at USD1252.10 and resistance at USD1286.60.
US Dollar Index fell 0.15% to trade at USD94.15. Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise.
Elsewhere on the Comex, Silver for March delivery rose 0.49% to trade at USD16.877 a troy ounce while Copper for March delivery rose 0.37% to trade at USD2.612 a pound.
