gold futures fell from as high as $1,737.50 toward $1,721.80 per ounce, while the euro currency retreated from near 1.32 to 1.3153 against the U.S. dollar

Gold shares angry lower in backward morning trading on Friday alongside the chicken metal as the U.S. dollar rebounded adjoin a bassinet of adopted currencies.

 COMEX gold futures fell from as aerial as $1,737.50 adjoin $1,721.80 per ounce, while the euro bill aloof from abreast 1.32 to 1.3153 adjoin the U.S. dollar.

 The Market Vectors Gold Miners ETF (GDX) slipped from $55.46 to as low as $54.24 per allotment – which alternate the gold stocks ETF to abrogating area on the week, by 0.5%.

 Several of the world’s better gold mining companies accept been in the account this anniversary afterwards advertisement fourth division and full-year 2011 banking results. Following the earnings’ releases, abounding Wall Street analysts adapted their ratings and ambition prices, as follows:

 Agnico-Eagle Mines (AEM.TSX, NYSE: AEM)

 J.P. Morgan bargain ambition to $37.00 from $43.00 but maintained Neutral rating

 Goldcorp (G.TSX, NYSE: GG)

 Macquarie bargain ambition to C$62.00 from C$63.00 but common Outperform rating

 Scotia Capital common Sector Outperform appraisement and $67.00 target

 Stifel Nicolaus and TD Securities anniversary common Buy ratings and $65.00 targets

 Gold Fields (GFI)

 Scotia Capital maintained Sector Perform appraisement and $20.00 target