Gold Falls Over 1.7% and Silver Drops Over 2% as Dollar Strengthens

International gold and silver prices fell on Friday, pressured by a stronger U.S. dollar. On the New York Mercantile Exchange, August gold futures were down more than 1.7% late in the session, while July silver futures fell more than 2%; the exchange ended trading early and did not publish official closing prices for the day, according to 36Kr. For the week, gold’s most-active futures contract edged up 0.17%, while the most-active silver contract fell 2.43%, as the U.S. Federal Reserve delivered a more hawkish-than-expected signal that boosted the dollar index.