U.S. gold futures pared their overnight gains Friday morning after a stronger-than-forecast report on U.S. gross domestic product.
Previously, the market rallied in electronic overnight screen trading to the highest level in nearly seven weeks as the precious metal gained technical-chart momentum after getting boosted the last two days by comments from European Central Bank officials.
Just before 9 a.m. EDT, gold for August delivery was $5.10 higher to $1,620.20/ounce (oz) on the Comex division of the New York Mercantile Exchange, while the December contract was up $5 to $1,624.80/oz. As of Thursday, August had the most volume but December the most open interest as the rollover continues. September silver was up $0.074 to $27.52/oz. . .View Full Article