Gold may look up as dollar edges higher

In India, Gold prices are likely to gain in the domestic market on Friday after the dollar firmed up against a basket of currencies in early Asian trade. However, gains could be capped with gold struggling to breach past the $ 1,700 an ounce mark.
With Japan expected to print more money for supply, the dollar rose even as the euro was unable to sustain Thursday's gain.

A strong dollar will weaken rupee and this in turn will make imports of commodities such as gold costlier, while rendering exports competitive. Indian imports commodities such as gold, vegetable oils and crude oil to meet its demand.