Gold futures prices fell after a stronger-than-expected US jobs report reinforced expectations that the Federal Reserve would refrain from cutting interest rates at its December meeting.
During trading on Friday, gold futures for December delivery fell by 0.5% or $19.70 to $4040.30 an ounce.
The spot price of gold fell by 0.85% to $4,043.15 an ounce, while its counterpart for silver dropped by more than 3% to $49.02 an ounce.
Meanwhile, the dollar index, which measures the performance of the US currency against a basket of six major currencies, fell slightly by 0.1% to 100.04 points.
Silver futures for December delivery fell 2.75% to $49.56 an ounce, while spot prices for platinum lost about 0.45% to $1,511.84, and palladium fell 0.6% to $1,372.59.
According to the FedWatch tool, expectations of a 25 basis point interest rate cut during the Federal Reserve meeting in December have fallen to 35.4% from 98.1% a month earlier, while expectations of holding monetary policy steady have risen to a probability of 64.6% from 1.7%.