By: Reuters
Spot gold [XAU= 1628.8101 
10.21 (+0.63%) 
]was little changed at $1,618.31 an ounce by 0014 GMT, headed for a fall of 3.6 percent from a week earlier, its biggest weekly decline in nearly a month.
Gold prices held steady on Friday after falling more than 1 percent in the previous session, as uncertainties on Europe's resolution to contain its debt crisis persisted ahead of a key European Union summit this weekend.
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10.21 (+0.63%) ]was little changed at $1,618.31 an ounce by 0014 GMT, headed for a fall of 3.6 percent from a week earlier, its biggest weekly decline in nearly a month.
U.S. gold [GCCV1 1630.00 17.10 (+1.06%) ]gained 0.4 percent to $1,619.60, off a two-week low of $1,604.7 hit in the previous session.
17.10 (+1.06%) ]gained 0.4 percent to $1,619.60, off a two-week low of $1,604.7 hit in the previous session.
Deep divisions between France and Germany mean they will make scant progress on strengthening the euro zone bailout fund at a summit on Sunday in a sign that Europe's leaders are still some way from getting a grip on the bloc's debt crisis.
Factory activity in the U.S. Mid-Atlantic region rebounded in October and the number of Americans claiming new jobless benefits fell last week in fresh signs that the economy was likely to duck a new recession.
Against the backdrop of violent protests in Athens and a general strike which shut down much of the country, Greece's parliament approved a painful set of austerity measures, which would ensure the release of a vital 8 billion euro loan tranche by international lenders to avert default in the short term.
Holdings of the world's largest silver-backed exchange-traded fund, iShares Silver Trust [SLV 29.73 
-0.50 (-1.65%) ], edged lower from the previous session to 9,874.05 tonnes, lowest in nearly a month, as silver prices retreated.
-0.50 (-1.65%) ], edged lower from the previous session to 9,874.05 tonnes, lowest in nearly a month, as silver prices retreated.
Spot silver [XAG= 30.84 0.35 (+1.15%) ] inched down 0.3 percent to $30.40, on course for a weekly decline of 5.6 percent, its biggest one-week fall in a month.
0.35 (+1.15%) ] inched down 0.3 percent to $30.40, on course for a weekly decline of 5.6 percent, its biggest one-week fall in a month.
U.S. stocks ended with modest gains on Thursday, shifting back and forth on incremental developments in Europe where leaders sought to reassure investors that a solution to the debt crisis would come soon.
The euro clung to overnight gains early in Asia on Friday but looked set to stay in a tight range with traders wary of taking big positions ahead of a weekend summit on tackling Europe's debt crisis.
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