Gold futures were under pressure in New York Friday and falling under $900 an ounce. April futures were losing $11.40 to $896 an ounce at the Comex division of the New York Mercantile Exchange. The most actively traded contract was June, which was down $11.80 to $897.10 an ounce. The contract traded as low as $896.50 and as high as $911.80 so far during the session. Silver futures were flat at $12.74 an ounce, and copper futures were down 1 cent at $1.99 a pound. The decline in gold came after word that the International Monetary Fund might sell 403 tons of gold to free up $12 billion to $13 billion to help poorer nations. With the G-20 dedicating more funds to the IMF, giving the group $1 trillion in aid power, investors are more confident in a global economic recovery and are steering away from the safe haven of gold. " We are seeing a defensive stand in the metal because of the G-20 and IMF talk," says Jon Nadler, senior analyst at Kitco.com. " We really expected a strong week, but it didn't happen because at the end of the day people felt that progress was not being made beyond the mid-$900s so investors took some profits. Under $900 for a couple of days then we can look lower to the $875s." If gold holds at a lower level, that could bring buyers back into the market, which would help put a floor under the price.