Gold and silver fall due to expectations of rising interest rates. However, palladium hit a record high earlier this week on fears of a supply disruption from major producer Russia, which is under Western sanctions for its invasion of Ukraine. .

Gold fell on Friday, consolidating at the end of a volatile week. Spot gold was down 0.3% at $1,991.20 an ounce by 1050 GMT, but remained poised for a weekly rise of around 1.2%. US gold futures were down 0.1% at $1,997.70.

Silver was down 0.2% at $25.82 an ounce. Platinum was up 0.2% at $1,070.65 but faced its biggest weekly decline since November.

Spot palladium rose 0.9% to $2,955.62 an ounce. The metal hit a record high earlier this week on fears of a supply disruption from major producer Russia, which is under Western sanctions for its invasion of Ukraine.