Gold was up 0.23 per cent at $1,337.73 per ounce.
Gold was up 0.23 per cent at $1,337.73 per ounce.
Spot gold prices turned higher, reversing earlier losses in late trade on Friday in New York after Turkish Prime Minister Binali Yildirim said a group within the country's military has attempted to overthrow the government.
Gold was up 0.23 per cent at $1,337.73 per ounce at 4:42 p.m. EST (2042 GMT), moving off intraday lows of $1,322.
-"Gold has been frog-marched $10 higher over the last hour when it became apparent that there has been an attempted coup in Turkey,-" said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York.
-"Gold hasn't been a very good geopolitical hedge in recent years, though sentiment may have changed especially if it suggests instability in other governments in the region.-"
