Gold on track for first weekly loss in three as dollar hits two-week high

Gold futures fell nearly one percent in American trade to April 13 lows as the dollar index rose for the fourth straight session to April 6 highs, amid a lack of data from the US, the world's largest economy. 

As of 02:37 GMT, gold futures due on June 15 fell 0.76% to $1,338.50 an ounce from the opening of $1,348.80, while the dollar index rose 0.47% to 90.36 from the opening of 89.94. 

Now markets await Federal Reserve Bank of San Francisco President John Williams' speech at a fireside chat hosted by the Fisher Center for Real Estate and Urban Economics, in California.

10-year US treasury bond yields rose to one-month highs at 2.934% as US-China trade tensions eased, while the US administration partook in direct talks with North Korea to end their nuclear weapons program peacefully. 

Gold holdings at SPDR Gold Trust, the world's largest gold-backed investment fund, settled on Thursday at 865.89 tonnes, the highest since June 8, 2017, after rising 3%, or 23.63 tonnes in 2017, while gold prices rose 13% last year, the second yearly rise in a row.