It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making controversial comments about his role in the "Deep State."Technologyread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
ARM rates are all over the place lender to lender because they are a very small percentage of new loan originations, around 6% of total mortgage application volume, according...Real Estateread more
Stocks fell, giving up earlier gains as investors wondered whether the Federal Reserve will cut interest rates next month.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
Samsung's Galaxy Note 10+ packs everything you need and more into a phone.Technologyread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
Gold inched higher on Friday as the U.S. dollar slid lower after strong U.S. economic growth data while concern remains about trade tensions between the United States and Europe.
Spot gold edged up 0.1 percent to $1,223.51 an ounce, having hit a one-week low of $1,216.93, and was on track for its third consecutive weekly decline, of about 0.5 percent. U.S. gold futures for August delivery settled down $2.70 at $1,223.
The dollar slipped against a basket of currencies as data showing the U.S. economy rang up its strongest quarter in nearly four years failed to erase worries that trade frictions would be a drag in the second half of 2018.
The greenback gave up initial gains after the U.S. government reported gross domestic product grew at a 4.1 percent annualized pace in the second quarter, matching the median forecast among economists polled by Reuters.
"The dollar weakened and treasury yields came off," said Walter Pehowich, executive vice president of investment services at Dillon Gage. "Dollar weakness looks like it will continue and gold will see some short-term support."
A weaker dollar makes dollar-priced gold less expensive for non-U.S. investors.
Benchmark 10-year U.S. Treasury yields slipped from their highest level in 1-1/2 months.
In the physical markets, gold demand in India improved this week as domestic prices traded near a six-month low, while weaker rates in Singapore prompted a pick-up in demand there. Demand remained weak, however, in top consumer China as the yuan fell.
"We believe price action (in gold) is likely to be subdued in the coming weeks (as) physical demand is in the middle of a seasonally slow period, short interest in gold has risen as prices have fallen and there are 200 tonnes of loss-making ETF positions that could be liquidated," Barclays said in a note.
Spot gold is expected to fall into a range of $1,206-$1,214 an ounce, Reuters technical analyst Wang Tao said.
"A key level of resistance will be $1,236, the double-bottom from a couple weeks ago," Pehowich added.
Among other precious metals, silver rose 0.7 percent at $15.48, but was heading for its seventh weekly decline. It earlier hit a one-week low at $15.29.
Palladium dropped 0.64 percent at $921.05 but was heading for its biggest weekly gain since the week of April 20, a nearly 3 percent rise.
Platinum rose 0.42 percent to $826.49 and was on track for a 0.3 percent weekly rise.