International gold and silver prices fell on Friday, pressured by rising energy costs that fueled inflation concerns, reinforced expectations of Federal Reserve interest rate hikes, and a stronger U.S. dollar.
On the New York Mercantile Exchange, gold futures for December delivery dropped 1.29 percent to settle at 4,007.90 U.S. dollars per ounce, while silver futures for December delivery declined 1.92 percent to close at 53.949 dollars per ounce.
Gold, silver futures close lower Friday
The U.S. dollar increased in late trading on Friday.
The dollar index, which measures the greenback against six major peers, added 0.2 percent to 101.811 at 15:00 (1900 GMT).
In late New York trading, the euro lost to 1.1193 dollars from 1.1220 dollars in the previous session, and the British pound dropped to 1.3371 dollars from 1.3400 dollars in the previous session.
The U.S. dollar bought 156.87 Japanese yen, higher than 156.78 Japanese yen of the previous session. The U.S. dollar was up to 0.8252 Swiss francs from 0.8205 Swiss francs, and it decreased to 1.4004 Canadian dollars from 1.4008 Canadian dollars. The U.S. dollar advanced to 9.9424 Swedish kronor from 9.9079 Swedish kronor.
U.S. dollar ticks up