Gold slips on strong dollar.
Gold prices slips down on Friday after touching their lowest in over five months the session before, dragged down by stronger US dollar and after Federal Reserve chairperson Janet Yellen bolstered the case for raising interest rate next month.
Spot gold has slipped 0.2 percent to $1,213.75 an ounce by 0036 GMT. In previous session, it marked its lowest since June 3 at $1,210.73, remaining on track for its second straight weekly decline.
The dollar rose to a high against basket of currencies as the bond market resumed its sell-off on growing certainty of a US interest rate increase in December.
Oil prices fall as stronger dollar wipes out OPEC cut.
Oil prices fall on the first half of trading session on Friday as the strengthening of US dollar fades away the hopes that OPEC might agree production cut on the forthcoming meetings.
A stronger US dollar makes oil, which is priced in dollar, more expensive to buyers in other currencies.
With this dollar reigning supreme, Asia trading of crude should have a slightly heavy tone today as traders lighten up positioning into the weekend.