Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as investors were lured to the bullish U.S. stock market.
The most active gold contract for December delivery went down 4.1 dollars, or 0.31 percent, to settle at 1,325.2 dollars per ounce.
The stock market continued its upturn. The Dow Jones Industrial Average went up 45.27 points, or 0.20 percent, to 22,248.75 as of 1838 GMT.
The record-high stock index has lured investors from the yellow metal, said analysts, leading to the fall of gold futures despite of a weak U.S. dollar.
The U.S. Dollar Index, a measure of the dollar against a basket of other major currencies, fell 0.15 percent to reach 91.92 as of 1828 GMT.
However, the geopolitical concerns surrounding the Korean Peninsula, the latest terrorist attack in London subway, which injured some 29 people, curbed the fall of gold.
Over the week, gold has posted nearly two percent losses.
As for other precious metals, silver for December delivery dropped 8.8 cents, or 0.49 percent on Friday, to close at 17.701 dollars per ounce. Platinum for October fell 9.1 dollars, or 0.93 percent, to settle at 971.8 dollars per ounce.
The most active gold contract for December delivery went down 4.1 dollars, or 0.31 percent, to settle at 1,325.2 dollars per ounce.
The stock market continued its upturn. The Dow Jones Industrial Average went up 45.27 points, or 0.20 percent, to 22,248.75 as of 1838 GMT.
The record-high stock index has lured investors from the yellow metal, said analysts, leading to the fall of gold futures despite of a weak U.S. dollar.
The U.S. Dollar Index, a measure of the dollar against a basket of other major currencies, fell 0.15 percent to reach 91.92 as of 1828 GMT.
However, the geopolitical concerns surrounding the Korean Peninsula, the latest terrorist attack in London subway, which injured some 29 people, curbed the fall of gold.
Over the week, gold has posted nearly two percent losses.
As for other precious metals, silver for December delivery dropped 8.8 cents, or 0.49 percent on Friday, to close at 17.701 dollars per ounce. Platinum for October fell 9.1 dollars, or 0.93 percent, to settle at 971.8 dollars per ounce.
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