Gold prices eased from five-month highs on Thursday as the dollar rebounded from a slide triggered by comments from U.S. President Donald Trump that the greenback was too strong and that he would prefer the Federal Reserve keep interest rates low. The metal was up about 2.6 percent on the week, on track for its biggest weekly gain since June, as concerns over tensions in North Korea and the Middle East kept stock markets under pressure. Spot gold was up 0.06 percent at $1,286.84 an ounce by 2:26 p.m. EDT (1826 GMT), having earlier hit its strongest since early November at $1,288.64 an ounce. 

U.S. gold futures for June delivery ended 0.8 percent higher at $1,288.50. We think that gold prices could fall back in the near term if tensions cool, as seems likely, and that they will continue to fall as the Fed tightens policy later this year. Trading volumes in wider markets have been light ahead of the long Easter holiday weekend.

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