LONDON—The spot price of gold was little changed as it tracked a weaker euro.
Ahead of the New York day, spot gold was off $2, or 0.1%, at $1,518.70 a troy ounce. It had risen earlier in the global day when the euro was higher against the dollar.
Gold tumbled sharply Thursday after the realization the U.S. Federal Reserve may not roll out another round of economic stimulus, coupled with a surprise release of strategic crude oil reserves, triggered heavy selling. VTB Capital analyst Andrey Kryuchenkov said, though, that he expects more volatility in the market as the trading range widens.
Spot platinum, which plunged to a three-month low Thursday, fell as well. It was down $11, or 0.6%, at $1,792 an ounce. Spot palladium was down $9, or 1.2%, at $743 an ounce.
The spot price of silver, however, remains under pressure, with the technical picture still bearish, according to market participants. It skidded 56 cents, or 1.6%, to $34.75 an ounce.
Write to Rhiannon Hoyle at rhiannon.hoyle@dowjones.com
