Gold was little changed on Friday, after dipping to a three-week low as the dollar gained against the euro after the European Central Bank extended its bond buying programme.

Fundamentals

* Spot gold was roughly unchanged at $1,266.10 per ounce as of 0115 GMT. It hit its lowest since Oct. 6 at $1265.08 an ounce in early trading.

* U.S. gold futures for December delivery fell 0.2 percent to $1,267.50 per ounce.

* The dollar stood tall on Friday, on track for weekly gains, while the euro slumped to three-month lows after the European Central Bank extended its bond purchases and reduced the chances that it would hike interest rates in 2018.

* Gold is likely to flatline for another year in 2018 as rising U.S. interest rates clip momentum, a Reuters poll showed on Thursday, while silver forecasts were cut again after the metal lagged forecasts in the third quarter.

* China's net gold imports via main conduit Hong Kong slipped about 8.5 percent month-on-month in September to the lowest level in over three years amid a slowdown in overall demand, data showed on Thursday.

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