Gold rangebound, set for third weekly drop.

Gold prices were rangebound on Friday in Asian trade as monetary easing uncertainties by major central banks supported demand while trade talk optimism lifted other assets, curbing gold's gains.

Spot gold rose 0.4% to $1,503.93 per ounce. Prices are down about 0.3% so far this week in what could be their third straight weekly drop. US gold futures rose 0.3% to $1,511.40 per ounce.

Palladium fell 0.6% to $1,612.56 per ounce, after hitting an all-time high of $1,621.55 on Thursday as possible labour...