(MENAFN- ProactiveInvestors)
Gold futures slid in thinly-traded holiday action today as strong U.S. growth data pushed the greenback higher and made dollar-denominated commodities more expensive for foreign buyers.
Gold for February delivery declined 0.2% to settle at US$1178.00 an ounce on the Comex division of the New York Mercantile Exchange.
Gross domestic product grew at a 5% annual rate from July through September the biggest increase since 2003 revised figures from the Commerce Department showed today.
In other metals trading March silver rose 0.5% to settle at US$15.87 an ounce.
March palladium fell 0.1% to finish at US$814.05 an ounce while January platinum increased 0.8% to settle at US$1.191.70 an ounce.
March high grade copper dropped less a penny to just under US$2.87 a pound.
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