CHICAGO, Nov. 23 -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as the U.S. dollar strengthened against a basket of other major currencies.
The most active gold contract for December delivery was down 4.8 dollars, or 0.39 percent, to settle at 1,223.20 dollars per ounce.
The U.S. dollar index, a gauge of the greenback against a basket of six other currencies, rose 0.42 percent to 96.90 as of 1758 GMT.
Gold and the dollar usually move in opposite directions. When the dollar rallies, gold futures will fall as gold, measured in the dollar, becomes more expensive for investors holding other currencies.
Still, the gold managed to end this trading week in the positive territory, posting a slim weekly gain of 0.2 dollar.
As the U.S. Federal Reserve is widely expected to raise key interest rates for a fourth time this year in December, the gold has been constantly under pressure of a stronger dollar.
On Friday, silver for December delivery went down 25.9 cents, or 1.79 percent, to close at 14.243 dollars per ounce. Platinum for January 2019 delivery was down 5.6 dollars, or 0.66 percent, to settle at 845.00 dollars per ounce. Enditem
US Congress demands inquiry into Petraeus resignation
After Sandy, Wall Street closed for 2nd day
Make-your-own soap entrepreneurs clean up
Condition of oceans affects human health
Words and their stories: top brass
Growing girls who code
Is eating like our ancestors good for us?
Puberty lessons for African girls may raise attendance
Obama victory driven by economy, turnout
Amateur dinosaur tracker uncovers some rare fossils
Words and their stories: down to earth
Florida Seniors split on medicare debate
President Obama wins second term
Low-lying areas of New York City suffer flooding
DC dinosaur hunter; New family movies
A story for Halloween: 'Innocence Burned'
Spain's economic crisis sparks Catalonia independence drive(视频)
Ukraine feminists campaign against sex tourism(视频)
You may know the difference between an American accent 阅读理解答案
New York officials work to curtail price gouging
Storm aftermath brings ruin for one NYC family
Traditional shaman ceremony attracts New YorkersDownload
Relations between Britain and its American colonies
The business of learning mandarin
Global warming might threaten water supply
Scientists dispute study of genetically modified corn
Russian Prime Minister calls for ban on smoking in public
Celebrities support US presidential candidates
Cloud Atlas: A tale of birth, death and re-birth
The Enigma (谜)of Beauty完形填空答案