US gold futures fell toward $1,100 an ounce on Friday, losing nearly 2 percent as a weaker euro on Greece's deficit problems prompted investors to sell ahead of the weekend. COMEX April settled down $19.90, or 1.8 percent, at $1,107.60 an ounce. Range $1,101 to $1,127.50.
GOLD: April gold's 1.8 percent decline on Friday was the biggest one-day percentage loss since February 4, when it had lost 4.4 percent. Gold pressured by a dollar rise against euro amid sovereign debt worries surrounding Greece. Oil falls 2 percent to hold just above $80 a barrel, weighing down on gold.
Flight-to-quality buying due to uncertainties about currencies and global credit outlook supports market -traders. Gold price should remain supported as long as uncertainties over Greece exist - Commerzbank. Prior to Friday, the metal has been able to hold firm this week despite a strong dollar. COMEX final volume 184,022 lots. Spot gold at $1,106.95 an ounce at 3:05 pm EDT (1905 GMT), versus $1,125.45 late in New York in the previous session.
SILVER: May ended down 39 cents, or 2.2 percent, at $17.032 an ounce, tracking gold and weaker platinum group metals. Range from $16.975 to $17.420. COMEX final volume 35,126 lots. Spot silver at $16.97, against $17.35 an ounce in the previous session late quote in New York.
PLATINUM: April finished down $22.40, or 1.4 percent, at $1,608.60 an ounce on profit-taking. Renewed concern about power supply from top platinum producer South Africa limits further losses. Spot platinum at $1,606.50 an ounce.
PALLADIUM: June palladium closed down $10.25, or 2.1 percent, at $468.50 an ounce in mixed trade. Spot palladium at $467.50 an ounce.
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