George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures, pointed to optimism for improving demand for PGMs from the automotive sector.

FORBES: Palladium Hits Highest Level Since February; Platinum Also Rises

This may also have exerted some pressure on gold, said Lesh and George Gero, vice president and precious metals strategist with RBC Capital Markets Global Futures.

FORBES: Comex Gold Eases On Liquidation After Stalling Ahead Of $1,700, Stronger Dollar Index

George Gero, vice president with RBC Capital Markets Global Futures, vice president-precious metals strategist, said he expected gold to trade steady to higher next week as gold.

FORBES: METALS OUTLOOK: Gold Seen Steady To Higher Next Week After Recent Weakness