Singapore: Gold prices were little changed in early Asian trading on Friday and were on track for a fourth consecutive weekly gain, as easing concerns over inflation and US interest rate hikes supported sentiment, alongside cautious optimism over geopolitical developments in the Middle East. Spot gold rose 0.1% to $4,794.47 per ounce, bringing gains to nearly 1% so far this week.

According to Qatar News Agency, US gold futures for June delivery also edged up 0.2% to $4,816.40. Among other precious metals, spot silver gained 0.5% to $78.76 per ounce, platinum rose 0.3% to $2,091.45, and palladium added 0.3% to $1,555.