(MENAFN- ProactiveInvestors)
Gold rebounded in New York on Friday in response to a report showing weaker-than-expected U.S. economic growth closing out January 8% higher its best monthly percentage gain since January 2012.
Gold futures for February delivery rallied 1.9% to settle at US$1278.50 an ounce.
Gold futures strengthened after the Commerce Department said fourth-quarter U.S. gross domestic product expanded at a 2.6% annualized pace compared with expectations for 3.2% growth.
In other metals trading March silver futures gained 2.6% to US$17.21 an ounce.
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