Gold dithers as markets await Trump's speech

Gold prices wavered on Friday before the weekend as markets await Donald Trump's inauguration today, while markets move sideways, with the dollar dithering as well.
 
Gold last traded at $1,203.8 an ounce, compared to the opening price of $1,203.4, with an intraday high at $1,208,9, and a low at $1,198.5.
 
Gold was wavering all the week after hitting a two-month high before returning lower and losing the gains, while moving sideways, as markets await Trump's inauguration.
 
The dollar wavered as well amid a lack of U.S. data, while the dollar index heads for the fourth weekly fall in a row, amid mixed expectations about the new U.S. policies, specially after Trump said the dollar is overpriced.
 
On the other hand, gold drew support from profit-taking in stocks amid instability regarding the U.S. new administration of Trump, with investors seek safe havens currently like gold.