Gold edged down on Friday as speculators booked profits after prices rallied more than 2 percent the previous day, but buying interest from investors remained strong, with ETF holdings hitting another record. Platinum dropped more than 1 percent on fears of falling demand after Ford Motor Co reported a record loss, while silver rallied to its strongest in four months before slipping to track weaker gold.
Gold was trading at $903.00 an ounce, down $3.75 from New York's notional close on Thursday, when it jumped more than 2 percent after US stocks tumbled on fears of a worsening recession. Gold was within sight of a 3-month high of $915.30 hit on Monday.