Gold futures on the COMEX division of the New York Mercantile Exchange further climbed Friday, as investors continued to buy after sharp drops in the previous trading sessions.

The precious metal, however, still suffered a weekly loss of 1. 4 percent.

The most active gold contract for June delivery rose 11.4 dollars, or 0.73 percent, to settle at 1,568.9 dollars per ounce.

Market analysts said that gold had previously experienced some pressure from a higher dollar after the eurozone uncertainty, as traders saw the greenback as a safe haven. Friday, however, saw an initial weakening of the dollar index and only minimal gains on the session, allowing gold some leeway to make gains.

Positive action in energy markets, where crude oil continued its rise on Thursday, also supported gold futures trading.

The markets will be closed Monday for Memorial Day, and traders might also have seen Friday's trading session as an opportunity to buy gold at a cheaper price ahead of the three-day weekend.

Silver for July delivery rose 22.9 cents, or 0.81 percent, to settle at 28.386 dollars per ounce. Platinum for July delivery rose 4.1 dollars, or 0.29 percent, to settle at 1,426.5 dollars per ounce.