Gold Prices declined Friday to hit near the 10-month low scored earlier this week.

There has been rallying for quite a while now since the Trump-win in world stock markets and in the U.S. dollar index lately, which both are bearish for the safe-haven metal.

February Comex gold was last down $7.50 an ounce at $1,164.80.

March Comex silver was last down $0.096 at $17.00 an ounce.

World stock markets were robust overnight after the European Central Bank governors meeting when they decided to leave rates unchanged.

The Dow and S&P 500 stock indexes have hit a record high this week.

Chinese demand for gold has risen considerably as gold prices continue to decline recently.

The second meeting the market is looking forward to is next week’s U.S. Federal Reserve FOMC meeting.

Various speculations on whether the Fed will raise interest rates or not.

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