Gold mostly flat as dollar muscles up

Gold prices titled higher in American trade away from July 20 lows, heading for the first weekly profit in four, while the dollar index muscled up for another session, following a basket of data from the US, the world's largest economy. 

As of 04:12 GMT, gold futures due on February 15 rose 0.03% to $1,257.50 an ounce from the opening of $1,257.10, while the dollar index rose 0.31% to 93.78 from the opening of 93.49. 

Earlier US data showed the Empire State Manufacturing Index dipped slightly to 18.0 in December from 19.4, missing expectations of 18.8. 

US industrial production slowed down to 0.2% in November from 1.2% in October, revised from 0.9%, while analysts expected a 0.3% rise. The Capacity Utilization Rate rose to 77.1% from 77.0% in October, missing expectations of 77.2%. 

Earlier this week, the Federal Reserve voted to increase interest rates by 25 basis points for the third time this year, while updating their three-year forecasts for growth, inflation, unemployment, and interest rates.