Gold fell $1 on Friday, after having risen to its best level in 2007 a day earlier, but bargain hunters were expected to resurface around current levels and offer some support.
Other precious metals hovered below their highs hit on Thursday and were expected to track movements in gold, which may also find support from purchases from jewellery makers ahead of the Lunar New Year in February.
Spot gold fell to $645.10/646.10 an ounce from$646.60/647.60 an ounce late in New York on Thursday, when it had risen to its highest since early August at $654 an ounce.
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