Gold rebounds after US GDP but set for weekly loss

MTECHTIPS

Gold rebounds after US GDP but set for weekly loss

Spot gold prices eked out small gains on Friday after data showed US economic growth picked up in the third quarter, but the metal was heading for its first three-week loss in more than a year on uncertainty over the future of the US Federal Reserve's monetary stimulus.
Bullion reversed early losses after the US Commerce Department said gross domestic product expanded at a better-than-expected 2 percent annual rate, driven by a late burst of consumer spending.

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