Gold futures edged down on Friday, as investors booked in profits at the end of the week, and risk appetite strengthened, amid speculations for a uptrend in yellow metal price. The yellow metal also marginally lower on Fed minutes outlook that higher interest rates boosts the US dollar and push bond yields up, pressuring gold prices by increasing the opportunity cost of holding non-yielding bullion.
Gold futures for December delivery fell by $4.90, or 0.4 percent, at $1,287.30 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.3 percent at $1,287.70 an ounce.
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