Gold prices fall as precious metals trade mixed

WASHINGTON: Gold prices fell on Friday and were heading for a weekly loss as precious metals showed mixed trading.

Spot gold dropped 0.4 percent to $4,103.23 per ounce. US gold futures for August delivery also fell 0.7 percent to $4,113.70 per ounce.

Silver declined 0.7 percent to $59.56 per ounce. However, platinum rose 0.4 percent to $1,616.72, while palladium gained 2.2 percent to $1,274.50 per ounce.