Gold futures were little changed for a third day Friday morning, with tepid reaction the surprise stimulus from the Bank of Japan.
The BoJ overnight decided to cut its deposit rate to minus 0.1%, hoping to stimulate inflation.
Gold for April was unchanged at $1116 an ounce, unable to extend recent gains. Gold has moved lower since hitting a 2-month pean near $1125 earlier this week.
On the economic front, the Commerce Department is scheduled to release its advance estimate of fourth quarter U.S. GDP at 8:30 am ET. Economists expect a slowdown in the sequential pace of growth to 0.9 percent.
The material has been provided by InstaForex Company – www.instaforex.com