Gold Futures and U.S. Department of Commerce

gross domestic product: Based on the most-active contracts, gold futures climbed some 1.83 percent for the week, according to Xinhua China. For the month, gold futures advanced some 5.3 percent, highest monthly gain since January 2015. The most active gold contract for April delivery rose 0.3 U.S. dollar, or 0.03 percent, to settle at 1,116.40 dollars per ounce. Gold was given support Friday as a report released by the U.S. Department of Commerce Friday showed the gross domestic product of the world largest economy increasing by an annualized rate of 0.7 percent. However, the precious metal was prevented from rising further as the U.S. Dollar Index rose Friday. Analysts note that the measure of consumer spending, specifically final demand, rose by 1.2 percent, the weakest reading of the measure since the first quarter of 2015 and provided further support for gold futures. (news.financializer.com). As reported in the news.