Analysts said the precious yellow metal is likely to drop further as they foresee the US Fed to pull back from bond purchases.
Spot gold extended losses while U.S. Gold futures gained in Asian trade Friday amid continued uncertainty over US Fed's bond buying stimulus.
Gold for immediate delivery was seen trading at $1384.51 an ounce at Singapore time while US gold for August delivery was at $1384.01 an ounce on the comex division of nymex.
Analysts said the precious yellow metal is likely to drop further as they foresee the US Fed to pull back from bond purchases.
Meanwhile, Physical demand in India and China, the world's top two bullion buyers, is slowing from peak levels seen during the April sell-off in the metal.
Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.63 percent to 1,003.53 tonnes on Thursday, their lowest since February 2009.
On Thursday, gold futures for August delivery fell $14.20, or 1%, in Nymex floor trading to close at $1,377.80 an ounce.
July silver futures declined 22 cents to $21.58 an ounce, while July copper futures dropped four cents to $3.19 a pound.
Sumber : Google
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