Gold rose on Friday as the dollar remained weak, though gains were limited by expectations of further interest rate hikes in the US. Despite this, traders still see a 74% chance of a July 2023 25-basis-point rate hike, according to CME's FedWatch tool. Higher interest rates decrease the appeal of zero-yielding gold. Nevertheless, investors have been looking to buy gold on weakness. The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, saw outflows this week, attributed to gold's being less exciting than stocks. Silver rose 1.4% to $24.20 per ounce and palladium fell 0.2% to $1,396.62.