Positive U.S. Data Lifts Gold

Reuters reported that gold rose on Friday, encouraged by Q3 U.S. economic data that was better than expected.

As quoted in the market report:

Spot gold was up 0.2 percent at $1,714.19 an ounce at 1450 GMT (1050 EDT), having earlier dropped as low as $1,700.34. U.S. gold futures for December delivery were up $3.00 an ounce at $1,716.00.

To view the whole Reuters report, click here.