Gold prices extended losses for the third consecutive week as a strong US dollar and cautious remarks from Federal Reserve officials weighed on investor sentiment, analysts said.

The sustained firmness in the dollar and a wait-and-watch approach from the US Federal Reserve have dampened demand for the safe-haven asset, keeping bullion prices in a narrow trading range through the holiday-shortened week, they added.

On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped by Rs 165, or 0.14 per cent, during the past week, to settle at Rs 1,21,067 per 10 grams on Friday.

The yellow metal largely hovered near Rs 1.21 lakh per 10-gram level, which is still about Rs 11,000 below its October 17 peak of Rs 1.32 lakh per 10 grams.

In the international market, Comex gold

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