Commodity Market Update : Epic Research Malaysia

Gold futures edged lower Friday, with a stronger U.S. dollar trumping a further wave of risk aversion as global equities declined, taking a cue from a sharp selloff in U.S. stocks a day earlier.

December gold futures GCZ4, -0.16%  fell $3.60, or 0.3%, to $1,221.70 an ounce but closed the week 2.4% higher, its first weekly gain in six weeks. December silver SIZ4, -0.19%  dropped 11 cents, or 0.7%, to $17.30 an ounce.

Gold jumped Thursday as U.S. stocks tumbled in a move investors tied to a range of reasons, including worries about global growth and long-standing expectations the Federal Reserve will begin raising interest rates next year.

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