Gold prices fell on Friday as the US dollar and bond yields rose after personal consumption expenditure data showed a higher increase than estimated. Analysts warned gold could drop further if it breaks the support of $1,965 per ounce. Today's US data includes a crucial core PCE deflator. Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities said, "buying should be avoided until the price trades below $2,019 per ounce." Meanwhile, the June gold futures were trading at Rs 59,740 per 10 gm on the MCX, down 0.27%.