Gold futures on the COMEX Division of the New York Mercantile Exchange recovered from a one-month low on Friday as dollar retreated and oil rallied. Silver and platinum both ended higher.
The most active gold contract for February delivery rose 4.10 U. S. dollars, or 0.4 percent, to finish at 1,111.50 dollars an ounce.
Fueled by S&P's downgrade of Greece's credit rating and the possibility of more downgrades of Euro Zone sovereign debt, dollar surged to a fresh 3-month high on Friday.
The March dollar index, a gauge measuring the greenback's value against other major currencies, hit an intraday high of 78.50 late in the session, which weighed on the precious metal.
Investors purchased dollar as a safe-haven investment on the fear that the spread of bad debt throughout the region could trigger serious banking issues, curtailing the current economic recovery.
However, shortly before gold pit trading closed, dollar retreated from the peak, helping the yellow metal to bounce back and close slightly higher.
Strong crude oil, which climbed about one dollar for the benchmark January contract, also provided gold some support to go up.
March silver was up 12.5 cents to 17.32 dollars per ounce. January platinum gained 3.40 dollars to 1,429.30 dollars an ounce.