Gold fell sharply in Friday trading as investors cashed out profits from the post-Fed price surge. Despite the fall, the precious metal still closed out the week up 1.8%.

Gold futures for December delivery dropped 2.7% to $1,332.50 per ounce on Friday, according to CME Group. Gold traded as high as $1,368.40 and as low as $1,327.20. Gold bullion closed in London at $1,328, according to BullionVault.

Silver futures for December delivery slid 5.9%to $21.93 per ounce. Friday’s high for silver was $23.18, while the low was $21.78.

Gold and silver funds sank in Friday trading.

• The SPDR Gold Shares (GLD) fell 2.9%.
• The iShares Gold Trust (IAU) also dropped 2.9%.
• The iShares Silver Trust (SLV) tumbled 5.4%.

Gold and silver mining ETFs declined sharply during the day.

• The Market Vectors Gold Miners ETF (GDX) dropped 6.1%.
• The Market Vectors Junior Gold Miners ETF (GDXJ) plunged 9.1%.
• The Global X Silver Miners ETF (SIL) sank 6.4%.

Gold mining shares pulled back on Friday.

• Agnico-Eagle Mines (AEM) fell 6.6%.
• Barrick Gold (ABX) moved down 4.3%.
• Eldorado Gold (EGO) tumbled 9%.
• Goldcorp (GG) dropped 5.5%.
• Kinross Gold (KGC) slid 6.5%.
• Newmont Mining (NEM) declined 5.7%.
• NovaGold Resources (NG) plunged 8.9%.
• Yamana Gold (AUY) decreased 6.8%.

Silver mining shares retreated during the day.

• Coeur d’Alene Mines (CDE) dropped 7.4%.
• Hecla Mining (HL) fell 6%.
• Pan American Silver (PAAS) declined 5.8%.
• Silver Wheaton (SLW) sank 6.3%.
• Silver Standard Resources (SSRI) dipped 3%.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.