US gold futures remained under pressure early on Friday as investors sold the bullion for dollars boosted by the Federal Reserve's move to hike the interest rate it charges banks for emergency loans. COMEX April gold down $5.30 at $1,113.40 an ounce at 10:20 am EST (1520 GMT). Range from $1,099.30 to $1,118.40.
A stronger dollar pushes investors to drop the bullion to buy greenbacks. IMF's gold sale plan still pressures markets, said Jeff Pritchard, broker and analyst at Altavest. Dollar on Friday touched an eight-month high against a currency basket. COMEX estimated 10 am EST (1500 GMT) volume at 100,551 contracts.
Spot gold at $1,115 at 10:36 am EST (1536 GMT), compared with $1,111.40 late in New York on Thursday. March silver up 1 cent at $16.070 an ounce. Range $15.760 to $16.180. Spot silver at $16.06 an ounce, down from Thursday's late quote in New York at $15.48. Comex estimated 10 am EST (1500 GMT) volume at 22,194 contracts. April platinum sank $6.50 to $1,513.10 an ounce. Spot platinum at $1,511 an ounce. March palladium fell $3.25 to $432 an ounce. Spot palladium at $432.50 an ounce.
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