Gold prices remained near a two-month low on Friday, heading for their third consecutive week of decline, on the back of a stronger US dollar due to progress in the US debt ceiling negotiations. Spot gold was flat and US gold futures were down 0.2%, while the dollar was near its March 17 high. The decline in gold was also caused by increasing US jobless claims and Boston Federal Reserve President's suggestion to pause the rate-hiking campaign. In addition, gold's appeal decreases in a high-interest rate environment.