Gold
Gold fell to a one-week low on Friday as consensus-beating U.S. economic data pushed the dollar higher, outweighing the impact of a lackluster jobs report. Spot gold fell 0.6 percent to $1,267.95 an ounce, and was on track for third straight weekly decline.
U.S. job growth accelerated in October after hurricane-related disruptions in the prior month, but wages grew at their slowest annual pace in more than 1-1/2 years in a sign that inflation probably will remain benign. Nonfarm payrolls increased by 261,000 last month. That was the largest gain since July 2016 but below economists' expectations for a jump of 310,000 jobs.
The Non-Manufacturing ISM rose 60.1 percent, the highest since August 2015,  which is 0.3 percentage point higher than the September reading of 59.8 percent, reported the Institue for Supply Management on Friday. Orders to U.S. factories rose 1.4 percent in September, following a 1.2 percent advance in August, the Commerce Department reported Friday. That was higher than economists’ forecast of a 1.3 percent gain. Private data vendor Markit said its final U.S. October PMI remained unchanged at 55.3, lower than its flash estimate of 55.9.
These data raised the expectations that the Federal Reserve would hike interest rates the next year. The greenback gained as a result.
SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.4 percent on Thursday.
Meanwhile in Asia, demand for physical gold was lackluster this week in top consumers India and China, but India's peak wedding season is expected to usher in renewed interest for bullion in coming weeks.

Silver
Silver fell 1.7 percent to $16.78 an ounce as the dollar firmed on upbeat U.S. economic data. Technical front, silver prices were traded in a tighter range of $16.5 to $17.5 with solid support at $16.5. On trading strategy, investors are recommended to wait for opportunities after the aforementioned range was broken.

 
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