Gold prices were flat Friday morning, holding modest weekly gains as traders remained wary of rebounding stocks and oil prices.
Bullion’s safe haven appeal has been valued this year amid market turbulence and concerns about the global economy.
Gold for April was unchanged at $1239 an ounce ahead of US GDP figures.
The Commerce Department is set to release its preliminary fourth quarter GDP data at 8:30 am ET.
Economists expect the GDP growth to be downwardly revised to 0.4 percent from 0.7 percent.
Also at 8:30 am ET, the Commerce Department will also release its personal income and spending report for January.
At 10 am ET, the University of Michigan is set to release its final consumer sentiment reading for February.
The material has been provided by InstaForex Company – www.instaforex.com