Gold rallied from earlier lows in European trade on Friday but recent upward momentum stalled on a firmer dollar, analysts said.
Spot gold was nearly unchanged at $667,40/668,90 an ounce in early trade from $667,00/667,50 late in New York on Thursday, when it fell as far as $664,00 on a rally in the dollar, sales by central banks and declines in industrial metals such as copper.
Gold, which hit an intraday low of $664,10 on Friday, has lost more than 3% since rallying to an 11-month high of $693,60 on April 23.
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Gold Rallied From Earlier Lows
Gold recovered from earlier lows in European trade on Friday but recent upward momentum stalled on a firmer dollar
