Despite some selling and a stronger US dollar, gold prices inched higher after a jump in initial jobless claims.
Prices slipped as investors awaited news from the committee's meeting.
Prices continued to climb in advance of the Federal Reserve's policymaking meeting this week.
The metal flirts with $1,300 on hedge fund buying and hints of monetary easing by the Fed.
Prices rose again as global inflation fears persist.
Prices struggled again Friday as investors opted for riskier stocks.
Prices dropped from their recent record highs as investors reacted to a better-than-expected jobless claims report.
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MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Children from lower income families are at greater risk of suffering accidental injuries and being sickened by food, according to a Consumer Federation of America study.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.