GOLD futures fell in New York on pressure from a stronger US dollar, weaker equities and oil, and profit-taking.
April gold fell $US21.20 to settle at $US907.20 an ounce on the Comex division of the New York Mercantile Exchange.
US dollar strength and weakness in crude oil weighed on gold, said Zachary Oxman, senior trader with Wisdom Financial. He sees the high $US800s as a "fair" price.
KEY COMMODITY PRICES: oil, gold, base metals, livestock and wheat
Although the ICE Futures US dollar index was down slightly shortly after gold closed, it had been higher earlier.
Further, long liquidation was taking the metal down after it had become overbought, Mr Oxman said.
Participants were also booking profits, said Pat Donnelly, senior broker with Peak Trading Group.
"People are... taking the opportunity to take some off the table," he said.
Even though equities didn't fall sharply, they still proved "a little bearish toward gold," said Sterling Smith, vice president with FuturesOne.
Gold futures also came off as spot gold versus the euro was hitting resistance, he said.
The technical picture for Comex futures was also weakening, he said, with the metal having trouble around October's high of $US938.20.
"If we trade lower tomorrow, we should start a pretty steep correction," Mr Smith said. A close below $US900 could send gold to $US870 "before we know it".
Lower gold prices pressured silver futures, Mr Smith said.
Comex March silver fell US15 cents to settle at $US12.415 an ounce.
Mr Smith sees support at $US12.18, but the metal could see a steeper and accelerating correction below $US12. The next stop to the downside could be $US11.25, he said.
Meanwhile, Nymex April platinum fell $US12.20 to settle at $US979.10 an ounce while March palladium on the exchange rose $US5.15 to settle at $US198.45 an ounce.
Platinum futures fell along with gold prices, but the white metal was holding the $US970 area, a trader said. Palladium rose on possible short covering.
