On Friday, during European morning trade, the gold prices rose due to the weakening of US dollar, but the precious metal remains at the three-week low amid fresh guidance on the probability of raising interest rates by Fed before the end of the year.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery rose 0.17% to $ 1149.40. The cost of the December contract to the end of the session on Thursday fell 2.45% to $ 1147.30 per ounce.
Futures are likely to receive support at $ 1138.70, the low of October 8 and resistance at $ 1162.00, the high of Thursday.
The dollar came under pressure after, on Thursday, Commerce Department reported that US gross domestic product grew at an annualized rate of 1.5% in the three months to September, less than the expected 1.6%.
In addition, the National Association of Realtors reported that the volume of pending home sales fell 2.3% last month, confounding forecasts growth of 1.0%.
The dollar strengthened position after the publication of the Fed statement on Wednesday, in which the Central Bank said that the bank's management may decide to raise rates during the December meeting.
Expectations of an increase in interest on loans had a negative impact on the precious metal because it cannot compete with the profitable assets in a period their growing rate.
Currently, market participants expect the release of the report on employment and expenditures in the United States for further guidance on the strength of the economy.
Silver futures for December delivery rose 0.58% to $ 15.640 for a troy ounce, while copper futures for December delivery gained 0.44%, reaching $ 2.331 per pound.
The USD index, showing the relationship of the US dollar to a basket of six major currencies, went down 0.30% and is traded at 97.07 USD.