Gold and oil futures fell further Friday, with the dollar-denominated commodities pressured as the U.S. dollar gained more ground. Gold for December delivery (US:gcz2) fell $19.80, or 1.1%, to trade at $1,724.90 an ounce on the Comex division of the New York Mercantile Exchange. Disappointing "U.S. earnings are adding additional weight to equities, which is resulting in some deleveraging pressures," said Peter Grant, chief market analyst at USAGOLD. "Such pressures tend to support the dollar, and at least initially, suppress gold." November crude oil (US:clx2) fell 49 cents, or 0.5%, to $91.59 a barrel on Nymex, near the day's low of $91.48.
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