- Gold poised for best week in five on cautious Fed, softer dollar.
- Gold held near a two-week high on Friday and was set to post its strongest week in five as the Federal Reserve's caution over raising U.S. interest rates and weakness in the dollar burnished the metal's appeal.
- Spot gold XAU= had eased 0.3 percent to $1,237.10 an ounce by 0048 GMT.
- Gold rose 16 percent in the first quarter of the year, its best quarterly performance in nearly 30 years, on speculation the Fed may delay hiking rates.
- The dollar slumped to a 17-month low against the yen on Thursday on a cautious Fed, while global growth concerns knocked down equities.
- A slower pace in hiking rates would boost non-interest-paying gold, while hurting the dollar.