Gold held little changed early on Friday and was on track for a seventh straight weekly decline amid expectations that the U.S. Federal Reserve will opt for more interest rate hikes in 2017.

                                FUNDAMENTALS

* Spot gold was steady at $1,128.76 an ounce by 0038 GMT. Bullion closed down 0.2 % on Thursday. The yellow metal was on track to end the week down nearly 0.5 %.

* U.S. gold futures were little changed at $1,130 per ounce.

* New orders for U.S.-made capital goods rose more than expected in November. Other data on Thursday showed that third-quarter U.S. economic growth beat expectations.

* But the number of Americans applying for unemployment aid hit a six-month high last week and U.S. consumer spending increased modestly in November. 

* Global investors' equity holdings rose to six-month highs in December on bets that U.S. President-elect Donald Trump's promised fiscal splurge would spur higher growth and inflation, a Reuters monthly poll showed on Thursday. 

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