Gold Down, as Mixed Economic Data Takes Shine off Yellow Metal

By Administrator_ India Capital Sands Gold was down on Friday morning in Asia, with investors digesting a slew of economic data as the month of April ends. Gold futures were up 0.12% to $1,766.15 by 11:11 PM ET (3:11 AM GMT). The U.S. GDP rose 6.4% quarter-on-quarter in the first quarter of 2021 and 553,000 initial jobless claims were filed over the past week, with government support such as money to mostly low-income households driving Thursday’s positive data. Investors also continue to monitor progress on a $1.8 trillion stimulus plan proposed by U.S. President Joe Biden…

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