Gold prices held firm on Friday after falling more than one percent in the previous session, but gold was on track for its first drop in five weeks and weakest level since December on expectations of U.S. Federal Reserve rate hike in March.
* Spot gold was mostly unchanged at $1,234 per ounce at 0048 GMT. The metal had its worst session since Dec. 15 on Thursday, when it fell over 1 percent to touch over one-week low of $1,230.58.
* U.S. gold futures rose 0.2 percent to $1,234.90.
* The dollar index , in which the gold is priced, fell 0.1 percent to 102.070.
* The number of Americans filing for unemployment benefits fell to near a 44-year low last week, pointing to further tightening of the labour market even as economic growth appears to have remained moderate in the first quarter.
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