Gold fell as much as 1.2 percent on Friday as the dollar rose and markets digested the mixed implications of a European Central Bank plan to pump out about 1 trillion euros to reflate the euro zone's flagging economy.
The metal, often seen as a hedge against inflation, jumped more than 1 percent above $1,300 an ounce on Thursday after the ECB announcement.
But with the euro hitting an 11-year low against the dollar, gold prices have since pared some of those gains as investors focused on the impact of the stronger U.S. currency, which makes dollar-denominated assets more expensive for foreign investors.
