Gold Steady As Investors Cautious Ahead Of French Polls

Gold held steady on Friday with tensions surrounding upcoming French elections underpinning the safe-haven demand, but the yellow metal was on track for its first weekly drop in six. Spot gold was down 0.1 percent at $1,279.80 per ounce, as of 0343 GMT. U.S. gold futures slipped 0.2 percent at $1,281.60. Security concerns took center stage on Friday in the last days of France's tight presidential race in the wake of a shooting in Paris which killed one policeman. 

Polls ahead of the two-round French presidential vote, which begins on Sunday, give both far-right and far-left candidates a chance of making it into next month's run-off, though centrist candidate Emmanuel Macron is shown in the lead.

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