Gold on track for best week since November 2021 U.S. Retail sales data due at 1330 GMT Jan 14 (Reuters) - Gold was flat on Friday but the metal was set for its best weekly gain since November, buoyed by a weaker U.S. dollar and Treasury yields, as traders awaited more economic data for clarity about the Federal Reserve"s tapering policy. Spot gold was flat at $1,824.25 per ounce by 0248 GMT, after snapping a four-session rally on Thursday. U.S. gold futures edged up 0.2% to $1,824.30. The metal has climbed about 1.6% this week, recouping most of the losses of the first week of 2022. "Gold had been buoyant this week on expectations the Fed will not have to hike interest rates too aggressively," Phillip Futures analyst Avtar Sandu said in a note. "However, the yellow metal"s failure to break above $1,830 and hawkish comments from two Fed bankers caused the contract to retreat to close lower Thursday." The dollar was headed for its largest weekly fall in eight months on Friday, making the greenback-priced gold cheaper for buyers holding foreign currencies. U.S. 10-year Treasury yields eased off two-year highs hit earlier this week. Fed Governor Lael Brainard on Thursday became the latest and most senior U.S. central banker to signal that the Fed is likely to start raising interest rates in March. read more Gold is considered an inflationary hedge, but the metal is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion. Investors await U.S. economic data including retail sales and industrial production due later in the day, after December inflation print came in line with expectations. read more Sandu said gold was moving back and forth in consolidation and a break above the $1,830 resistance would take prices to the next resistance at $1,860. Spot silver was flat at $23.08 an ounce, platinum was up 0.2% at $971.61, and palladium fell 0.9% to $1,869.91.