Gold and other precious metals rose on Friday despite a stronger U.S. dollar (DXY), while oil prices slipped but were on track for their first weekly gain in three weeks after President Donald Trump and Chinese leader Xi Jinping resumed trade talks.

Gold fell 1% on Tuesday after hitting a near four-week high, pressured by a firmer dollar as investors grew cautious ahead of a potential call between U.S. President Donald Trump and Chinese leader Xi Jinping.

Gold prices fell on Tuesday, retreating from near a four-week high, as a modest rise in the dollar weighed on the metal, although uncertainty over the U.S.-China trade agreement kept investors cautious and limited the bullion's decline.