Gold prices edged lower on Friday, extending losses to a fourth straight session, as the dollar firmed up against other major currencies and yields on bonds rose.<\/p>\n
The dollar index rose to 91.31, gaining more than 0.8%.<\/p>\n
Gold futures for June ended lower by $0.60 or 0.03% at $1,767.70 an ounce. Gold futures gained about 3% for the month.<\/p>\n
Silver futures for July ended down $0.212 at $25.873 an ounce, while Copper futures for July settled at $4.4680 per pound, down $0.0185 from the previous close.<\/p>\n
On the economic front, a report from the Commerce Department said personal income in the U.S. soared by 21.1% in March after plunging by a revised 7% in February.<\/p>\n
Economists had expected personal income to spike by 20.3% compared to the 7.1% slump originally reported for the previous month.<\/p>\n
The report also showed personal spending jumped by 4.2% in March following a 1% decrease in February. Personal spending was expected to surge up by 4.1%.<\/p>\n