SINGAPORE: Gold eased on Friday on a firmer dollar but uncertainty over US tax reforms helped prices stay close to a three-week high touched in the previous session.

Bullion was on track for its first weekly gain in about a month.

Spot gold was down 0.1 percent at $1,283.61 per ounce as of 0856 GMT, although it was headed for a gain of more than 1 percent for the week. On Thursday, it touched its highest since Oct. 20 at $1,288.34 an ounce.

US gold futures for December delivery were down 0.3 percent at $1,284.20.

“Gold has struggled to gain any momentum this week despite the US tax reform hitting a few hurdles,” said Ole Hansen, head of commodity strategy at Denmark’s Saxo Bank. A slightly stronger dollar has weighed on prices on Friday, he said.

Spot gold may edge up to a resistance at $1,292 per ounce, a break above which could lead to a gain to $1,299, according to Reuters technical analyst Wang Tao.—Reuters