Gold Weaker on Corrective Pullback, Upbeat U.S. GDP Data
Gold is moderately lower in early U.S. trading Friday, on a downside correction from the solid gains posted Thursday, in which prices hit a four-week high. A better reading on the latest U.S. gross domestic product report also is bearish for gold. December Comex gold was last down $12.80 at $1,141.00 an ounce. December Comex silver was last down $0.17 at $14.96 an ounce.