U.S. gold futures closed with a little loss
U.S. gold futures closed with a little loss on Friday, amid a stronger dollar and traders aimed to quicken the U.S. interest rate rises, because higher U.S. rates tend to lift the dollar.
"Gold is a little lower on dollar strength, but volume is very small at this point. I don't think traders are looking at (slightly lower) oil prices, though later that could become a factor," Frank Aburto at F.C. Stone said.
February delivery gold futures were down $2.10 to $423 per ounce on the New York Mercantile Exchange's COMEX division, dealing between $426.10 and $420.70.
Spot gold reached $422.70/3.20 an ounce, down from Thursday's New York closing level at $424.35/5.10. Friday's afternoon fix in London was at $422.50.