While the dollar strengthened and investors took profits after bullion hit three successive all-time highs this week, gold prices fell on Friday.

Spot gold was down 0.4% at $3,033.36 per ounce at 0848 GMT. US gold futures fell by 0.1% to $3,039.60. Han Tan, chief market analyst at Exinity Group, said that “spot gold is experiencing a healthy downturn after reaching new record highs above $3,000, with recent dollar resistance also encouraging gold

The bar was on track for a third consecutive weekly gain, having increased 1.6% since the start of the week. It hit an all-time high of $3,057.21 per ounce on Thursday

Spot silver fell 1.5% to $33.04 per ounce, platinum lost 0.4% to $981.05, and palladium lost 0.4% to $948.43 per ounce. These three metals are in the process of experiencing weekly losses.