Gold prices were largely steady on Friday and were on track for a weekly loss as traders weighed the prospect of further Federal Reserve rate hikes this year following a run of hotter-than-expected US inflation data.Spot gold was down 0.1% at $4,165.12 per ounce by 02:07 p.m. EDT (1807 GMT) but was down 0.7% so far in the week.US gold futures for December delivery settled 0.3% higher at $4,181.10 per ounce."We're very much rangebound and tilting toward the lower bound of support, the main reason being we still have a lot of ambiguity in what the Fed will do," Bart Melek, global head of commodity strategy at TD Securities, said.Federal Reserve Chair Kevin Warsh voiced optimism about US economic strength but gave no clues about the central bank's rate-path trajectory.Live EventsData on Thursday showed US producer prices increased by the most in 4-1/2 years last month.