Gold futures declined during the U.S. trading session on Friday, with December contracts on the Comex exchange dropping 3.21% to $4,514.16 per troy ounce.
The decline occurred as the U.S. Dollar Index, which measures the greenback against six major currencies, gained 0.52% to reach 99.61. The inverse relationship between the dollar and gold prices contributed to the precious metal's retreat.
Silver futures for September delivery fell 4.16% to $66.54 per ounce, while October copper futures slipped 1.14% to $6.55 per pound. The broader commodities complex showed broad-based weakness as the dollar's advance weighed on non-yielding assets.
Technical levels for December gold futures were cited at $4,495.15 as support and $4,755.00 as resistance, though prices breached the lower threshold during the session.
