Gold prices eased Friday, extending larger losses from the previous session amid a slew of U.S. economic data.
December gold finished $5.90, or 0.5%, lower at $1,141.40/oz. on the Comex. The front month contract was down about 2 percent on-week, but was up 2.4 percent in October.
Traders remain uncertain about the next move for the Federal Reserve. Policy makers on Wednesday kept interest rates at zero but hinted they may raise rates in December.
Consumer sentiment in the U.S. improved by less than previously estimated in October, according to a report released by the University of Michigan on Friday.
The report said the final reading on the consumer sentiment index for October came in at 90.0 compared to the preliminary reading of 92.1.
Meanwhile, U.S. personal income inched up by 0.1 percent in September after climbing by an upwardly revised 0.4 percent in August, the Commerce Department said.
The material has been provided by InstaForex Company – www.instaforex.com