Gold Prices recovered slightly due to bargain buying after prices slipped to 10-month low on Thursday.

The dollar index which was rallying for a while and hit a streaking 13-year high on Thursday boosted by a U.S. interest rate hike on Wednesday by the Federal Reserve, dropped on Friday.

February Comex gold gained $5.50 to $1,135.40 an ounce. March Comex silver gained $0.177 to $16.135 an ounce.

Data shows a drop in the U.S. housing market.

The Commerce Department said that building permits fell by 4.7 percent in November to annualized rate of 1.20 million permits, below anticipation and down from October’s revised rate of 1.26 million.

Building permits are an important indicator of future construction activity.

There were speculations that we may see 1.24 million permits.

On an annual basis, building permits declined 6.6 percent from November 2015.

The department also said the tally of housing starts fell 18.7% in November to a seasonally adjusted annual rate of 1.09 million units, down from October’s rate of 1.34 million. Economists were expecting a reading of 1.23 million units.

Housing starts were down 6.7% from last year’s numbers.

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