Gold prices were down on Friday but were still on track for a weekly rise as overall dollar weakness offset pressure from rising bond yields and expectations of further interest rate hikes from the U.S. Federal Reserve.

At 1057 GMT, spot gold was down 0.1% at $1,786.89 an ounce. The bullion was on track for its fourth straight weekly gain, rising nearly 1% in its biggest weekly gain in nearly a year.

U.S. gold futures fell 0.3% to $1,801.10.

The dollar was up 0.4% on the day, but was down 1% on the week. A weaker greenback makes bullion less expensive for foreign buyers.

“The easing of inflation has favored the rise of gold to 1,800 dollars. However, risk assets were quickly preferred and gold’s rise stalled. If risk appetite fades in the next two weeks, that could support a move above $1,800,” said Craig Erlam, an analyst at OANDA.

The attractiveness of gold tends to decline in an environment of high rates, as the golden metal it does not produce interest.

Treasury yields were approaching three-week highs.

In other precious metals, the silver cash was down 0.1 per cent at $20.27 an ounce; the palladium subtracted 0.6 per cent to $2,264.27; and the platinum fell 0.8 percent to $948.74.