Gold futures edged lower Friday, putting the precious metal on track for a weekly decline, a day after sinking to its lowest close since December.
Gold for June delivery on Comex fell $1, or 0.1%, to $1,271 an ounce, while July silver rose 5.3 cents, or 0.4%, to $14.67 an ounce. Gold was on track to fall around 1.3% for the week, while silver is off more than 2% over the same stretch.
A firmer tone for the U.S. dollar was dogging gold, analysts said. Dollar gains can weigh on gold and other dollar-priced commodities, making them more expensive to users of other currencies.
Source : MarketWatch