Gold futures on the COMEX division of the New York Mercantile Exchange slipped slightly on a stronger dollar Friday.
The most active gold contract for February delivery fell 3.8 dollars, or 0.22 percent, to settle at 1,687 dollars per ounce.
Nevertheless, gold prices still rose 1.6 percent for the week.
A stronger dollar somewhat dampened gold, when the dollar index, a measurement of the greenback against a basket of major currencies rose to 79.994 from 79.691 Thursday.
Data from China is also a discouragement to gold. It showed that the gross domestic product (GDP) in China grew 7.9 percent in the fourth quarter, exceeding economists' forecasts and solidifying the expectation that Chinese economy is picking up.
Gold only found a slight support from a disappointing University of Michigan-Thomson Reuters consumer sentiment gauge, which declined to 71.3 in a preliminary January reading from a December level of 72.9, the lowest level since December 2011.
Floor trading of gold will be closed Monday for the Martin Luther King Jr. holiday.
Silver for March delivery gained 12.2 cents, or 0.38 percent, to close at 31.932 dollars per ounce. Platinum for April delivery slumped 26.5 dollars, or 1.56 percent, to close at 1,674 dollars per ounce.
