Prices for gold fell on Friday after shares of Deutsche Bank rebounded.
Media reports swirled Friday that the bank may be near a $5.4-billion settlement with the U.S. Department of Justice.
Spot gold was up 0.2% at $1,316.15 U.S. an ounce by mid-afternoon Friday, while U.S. gold futures were down 0.5% at $1,319.20 U.S. an ounce.
On Thursday, a report that a number of hedge funds had withdrawn excess cash from Deutsche Bank reinforced worries about Germany's biggest lender.
On the macroeconomic scene, U.S. consumer spending unexpectedly fell 0.1% in August, after accounting for inflation - the first time in seven months, while inflation showed signs of accelerating.
Analysts had expected a 0.1% gain in consumer spending, which accounts for more than two-thirds of U.S. economic activity.
Among other precious metals, silver was up nearly 3% at $19.61 U.S. an ounce. Platinum was up more than 1% at $1,034.24 U.S. an ounce and palladium was up nearly 2% at $724.40 U.S, having touched a seven-week high of $725.10 U.S. on Friday.
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