Growing expectations of another oversized interest rate hike from the U.S. Federal Reserve kept the ingot on a downward track weekly. Despite this, gold rose, helped by a weakening US dollar and Treasury yields.

At 04:02 GMT, spot gold was up 0.2% at $1,668.46 an ounce. While prices have fallen so far for the week. Indeed, American gold futures fell 0.1% to $1,666.80. The 10-year US Treasury benchmark yields have exited a 14-year high reached last Thursday and the Dollar Index has fallen by 0.2%, making bullion cheaper for foreign buyers.

For its part, cash rose 0.6% to $18.98 per ounce and was expected to see its biggest weekly decline since August, while platinum rose by 0.5 % to $900.49 and palladium 0.9% to $2,125.50. For the first time in three years, both metals were heading down weekly for the first time.