* Gold up 0.4% so far this week
* Palladium off record peak (Recasts, adds comment, updates prices)
By Sethuraman N R
April 23 (Reuters) - Gold was little changed on Friday as traders remained on the sidelines ahead of a U.S. Federal Reserve meeting next week, but a weaker U.S. dollar and lower Treasury yields put bullion on track for a third straight weekly gain.
Spot gold
U.S. gold futures
"The focus is turning to the Fed as in recent times we have seen significant improvement in U.S. data. That's raising speculation that the Fed might signal its intention to reduce its emergency stimulus measures in the coming months," said Fawad Razaqzada, market analyst with ThinkMarkets.
"There's an element of hesitation as people are just waiting to see what the Fed says before decisively stepping in on the long side."
The number of Americans filing new claims for unemployment benefits fell to a 13-month low last week.
The U.S. 10-year Treasury yield
However, gold remained subdued on Friday as investors held back bullish bets despite a weaker dollar and lower Treasury yields, awaiting Fed's decision next week, analysts said.
Fed's next meeting ends on April 28, and while no major policy changes are expected, investors are paying close attention to any comments on possible scaling back of monetary easing in the future.
Palladium
Silver
Platinum
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