Gold was steady following a weekly advance after the world's top central bankers stressed the need to keep interest rates high until inflation is contained at the Jackson Hole gathering. 

There was a fresh selloff in US bonds after Federal Reserve Chair Jerome Powell said at the conference in Wyoming that he was prepared to raise borrowing costs further. That pushed up the yield on two-year Treasuries, which is highly sensitive to Fed policy shifts.

A gauge of the dollar notched a sixth weekly gain on Friday, the longest winning streak in 15 months, while China took fresh steps to try and stimulate its economy.

Spot gold rose 0.1% to $1,916.59 an ounce as of 9:13 a.m. in Singapore. The Bloomberg Dollar Spot Index declined 0.1%. Silver, platinum and palladium were all higher.

Source : Bloomberg