On Friday, gold prices have shown a slight increase, after data showed that in the first three months of the year the US economy has slowed the pace of growth.
On the Comex division of the New York Mercantile Exchange at the close of trading, gold futures for August delivery rose $ 1.00, or 0.08%, to $ 1189.80 per troy ounce. A day earlier, prices fell to $ 1180.20, the lowest level since May 11.
Futures are likely to be supported at $ 1180.20, the low of May 28 and find resistance at $ 1208.90, the high of May 26.
Official data released on Friday showed that US gross domestic product contracted by 0.7% in the first three months of 2015 compared with projected growth of 0.2%. This revision matches analysts' expectations.
Despite the disappointing data, the majority of market experts expect that the US economy will recover in the second quarter, because the time factors are forfeited.
For a week the precious metal lost $ 16.50, or 1.25%, showing a decline for the second consecutive week, amid growing expectations that the Federal Reserve will raise interest rates at the end of the summer.
Economic data released last week, including reports on inflation, housing sales in the primary market, investment and consumer confidence, showed that the economy is gaining momentum after the recession in the first quarter, supporting the forecasts of interest rate increase this year.
Expectations of growth rates on loans have a negative impact on the precious metal because it cannot compete with earnings from assets during the rates growing.
The USD index, which tracks the America currency against the basket of major currencies, fell on Friday 0.2% to 96.94, down from a five-week high 97.88, reached on Wednesday.
Also on the Comex, silver futures for July delivery ended the session on Friday at $ 16.70 per troy ounce, up 3.2 cents, or 0.19%. On Thursday, the price of silver fell to $ 16.54, the lowest level since May 13.
For a week the price of silver fell 34.9 cents, or 2.05%, demonstrating a decline in the second week in a row.
On Friday, copper futures for July delivery fell 3.9 cents, or 1.43%, to $ 2.728 after falling to a low of $ 2724 a day, the lowest level since April 24.
For a week the price of the red metal fell 7.2 cents, or 2.95%, demonstrating a decline in the second week in a row amid renewed concerns over the state of the Chinese economy. The Asian country is the world's largest consumer of copper, accounting last year accounted for almost 40% of world consumption.