The US dollar rallied against most of its peers on Friday, and scored the largest daily gain in nearly 2 months, after positive earnings reports.

Data showed that the Chinese manufacturing PMI fell to 51.1 points last month, lower than forecasts of a rise to 55.9 points, from 51.9 in the previous reading.

The US personal income index rose 21.1% in March, while personal spending rose 4.2%.

This week, Apple, Microsoft, Amazon, Facebook and Tesla have all reported strong earnings for the first quarter, while Twitter reported disappointing business results.

Concerns over the coronavirus crisis are still lingering, especially over the situation in India, which suffers rising infections and deaths.

The dollar index rose against a basket of major currencies by 0.7% to 91.2 points as of 19:16 GMT, after hitting a high of 91.3 points and a low of 90.5 points.

Gold futures fell today, Friday, as the US dollar rallied against most of its peers, but the precious metal posted a monthly gain for the first time this year.

The US personal income index rose 21.1% in March, while personal spending rose 4.2%.

This week, Apple, Microsoft, Amazon, Facebook and Tesla have all reported strong earnings for the first quarter, while Twitter reported disappointing business results.

Concerns over the coronavirus crisis are still lingering, especially over the situation in India, which suffers rising infections and deaths.

The dollar index rose against a basket of major currencies by 0.7% to 91.2 points as of 19:58 GMT, after hitting a high of 91.3 points and a low of 90.5 points.

Gold June futures fell 0.1% or 60 cents, and closed at $1,767.7 an ounce, and posted weekly losses of 0.6%, with a monthly gain of 3%.

At 12:30 GMT, the US economy released its reading of the personal spending index for March up by 4.2%, slightly lower than forecasts of 4.3%, and higher than the previous reading of a drop by 1%.

Palladium prices continued to rise to new highs on Friday, after jumping above $3,000 earlier, but soon pulled back after the US dollar rose against its peers.

Palladium was lifted recently expectations of a shortage in the global supply in tandem with improved demand, especially from automakers that heavily use the metal in manufacturing environmental-friendly care parts.

In addition to palladium's supply shortage from global miners, nickel and platinum are also in short supply.

The dollar index rose against a basket of major currencies by 0.3% to 90.8 points as of 13:29 GMT, after hitting a high of 90.9 points and a low of 90.5 points.

Palladium June futures rose 0.8% to $2,974 an ounce as of 13:29 GMT, with a today high and the highest price ever at $3,010 and a low of $2,048.