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• Gold prices held steady on Friday amid little change in the dollar ahead of key U.S. economic data, but the metal remained on course for its first weekly gain in three.

• Spot gold rose 0.1 percent to $1,218.18 per ounce at 0646 GMT. It was up 0.4 percent for the week so far, which would be its biggest weekly gain since early June.

• The dollar was little changed against a group of peers early on Friday, as currency investors remained cautious ahead of U.S. inflation data due later in the session. [USD/]

• The dollar index was down 0.06 percent at 95.672 as of 0636 GMT.

• "Most of the downside in gold this morning was largely due to profit-taking, but more importantly, market sentiment is still on the rosy side and in a more positive environment," said OCBC analyst Barnabas Gan.

• "I'm still bearish on my gold forecasts, but I think there are still some upside risks in the short-term, simply because there's still some uncertainty on the horizon," said Gan.

• "The rate hike and the balance sheet tapering should inject a more positive growth outlook ... globally and that should push gold prices down to our $1,200 an ounce estimate by the end of the year."

• Among other precious metals, silver prices remained unchanged at $15.66 per ounce.

Reference: Reuters