Gold fell in session Friday, along with a decrease in other metals, after the dollar strengthened against major currencies and investors engaged in risky trades.
Gold for February delivery fell $ 6.30, or 0.4 percent, to $ 1,641.20 an ounce on the Comex division of the New York Mercantile Exchange during European trading hours. The decline follows a 0.5 percent rise in the metal in the New York session, supported by a weakening dollar.
Friday, the dollar index, which records trade the U.S. dollar against six currencies majority, reverse the decline in the session Thursday and rose 0.3 percent to 80.97. For commodity futures trading with the dollar traded stronger greenback tends to decline over. Light, sweet crude futures in February rose 0.1 percent to $ 99.22 per barrel. Other metals down the decline of gold, with palladium post the biggest drop. March palladium fell $ 11.45, or 1.8 percent, to $ 629.80 per ounce, while April platinum dropped $ 17.10, or 1.1 percent, to $ 1,483 per ounce.
Silver March delivery fell 28 cents, or 1 percent, to $ 29.84 per ounce. On Thursday, silver rose to a four-week rise in the session but weakened Friday as some players make a profit, an analyst at Commerz bank said in a note. March copper fell 2 cents, or 0.5 percent, to $ 3.63 per pound.