Gold futures were slightly higher Friday after three days of falls that took the most-active contract to its lowest settlement in three months following a flurry of interest-rate hikes from central banks in Europe on Thursday.

Gold futures for August delivery gained $5.10, or 0.3%, to $1,928 per ounce on Comex. Silver futures for July delivery fell by 9 cents, or 0.4%, to $22.38 per ounce.

September palladium gained $17.90, or 1.4%, to $1,290 per ounce, while July platinum rose by $3.70, or 0.4%, to $930 per ounce. Copper for July fell by 6 cents, or 1.5%, to $3.83 per pound.

Gold prices managed to find some support on Friday, but both gold and silver are set to finish the week sharply lower, the latest milestone for a selloff in precious metals that has seen the price of gold lose more than $100 since its early May peak.

Source : Marketwatch