Gold edged down on Friday as a preliminary survey from the University of Michigan showed that the U.S. consumer sentiment index rose to 98, better than economists’ forecast of 94.5, and major U.S. stock indexes powered to another day of fresh record highs, posting the largest weekly gains since Donald Trump's presidential election. The yellow metal fell 1.09 percent to $1,157.75 an ounce. Silver closed down 1.00 percent at $16.84 an ounce.

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