Gold closes lower, but posts weekly gains

Gold prices fell on Friday, as the US dollar fell against most currencies, but posted weekly gains.

US Treasury Secretary Janet Yellen said earlier this week that the lockdown restrictions might get extended to the end of this year if the Congress does not pass Joe Biden's $1.9 trillion stimulus plan.

Meanwhile, US President Joe Biden is pressing the Congress to pass his stimulus plan to support the US economy.

The dollar index held against a basket of major currencies at 90.4 points as of 19:51 GMT, after hitting a high of 90.7 points and a low of 90.3 points.

Gold April futures fell 0.2%, or $3.6, and closed at $1,823.2, with weekly gains of 0.6%, today's high at $1,831.5 and the low at $1,810.1.