Gold prices slipped lower on Friday, as a stronger U.S. dollar weighed on the precious metal, although the European Central Bank’s latest policy decision lent some support.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.28% at $1,264.05.

The December contract ended Thursday’s session 0.19% lower at $1,267.50 an ounce.

Futures were likely to find support at $1,249.90, the low from October 17 and resistance at $1,270.50, Thursday’s high.

Gold prices remained under pressure as expectations for a U.S. rate hike before the end of the year continued to lend broad support to the greenback.

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