Gold prices posted a slight weekly rise, despite a decline in Friday's trading, after the release of US personal consumption expenditures price index data that was largely in line with expectations, which boosted hopes of a US interest rate cut by September.
However, the yellow metal recorded a rise for the third consecutive quarter.
Price movements
Over the past week, spot gold rose 0.21 percent to $2,326.75 per ounce.
Prices rose more than four percent during the current quarter.
Gold prices were supported by lower US Treasury yields, which makes the precious metal more attractive to investors.
Bets that the US Federal Reserve will cut interest rates in September and December rose after a government report showed that inflation did not rise in the April-May period.
