Gold muted on Friday, negatively affected by solid greenback and peaked treasury yields, while investors anticipate US inflation figures the upcoming week looking for clues on when Fed will likely start trimming interest rates.

Spot gold dipped 0.2% to $2,029.80 per ounce, with prices dropping 0.5% during the week, while US gold futures dipped 0.2% to $2,044.50 per ounce.

The dollar index stayed on course for a weekly surge, driving gold to be more expensive for other currency holders, meanwhile the US 10-year treasury yield ticked up higher.

Focus will be squared on US CPI report on Tuesday, as Fed officials mentioned that they will hold cutting interest rates till they make sure that inflation is tamed and drop to 2% target.

Traders assess 61% chance of interest rate trim in May.