Gold futures finished lower on Friday, saddled by the firmness in dollar and bond yield notes. Moreover, technical correction after reaching a record high of $2,672 in the previous session also pressured yellow metal. However, the bullion for the most active contract gained 0.82%for the week, fuelled by the Federal Reserve's significant half-percentage-point rate cut and China's recent stimulus measures.
Gold futures for December delivery down by $26.80 or 1% to settle at $2,668.10 per ounce on the Comex division of the New York Mercantile. Spot gold dipped by 14.14 or 0.53% to $2,658.24 an ounce.