Gold futures fell on Friday, as U.S. President Donald Trump's promise of a major tax announcement boosted the dollar and upbeat data fueled talk of a near-term rise in interest rates south of the border.
Analysts said disappointment among some buyers at gold's failure to break above the $1,245-U.S.-an-ounce level it tested twice this week has also fed into the pullback.
Spot gold was up 0.3% to $1,230.58 U.S. per ounce, while U.S. gold futures for April delivery dropped by 0.1% to $1,235.90 U.S. On Wednesday, it touched its highest since Nov. 11 at $1,244.67 U.S.
Concerning other precious metals, silver was up 1.8% at $17.95 U.S. an ounce, while palladium gained 1.9% to $785 U.S.
Platinum lost 1% to $1,001.75 U.S, having touched its highest since Oct. 3 on Thursday at $1,028.50 U.S.
