WASHINGTON (dpa-AFX) - Gold futures were lower Friday morning, hitting new 9-month lows as the rally in U.S. stocks continued.
The Federal Reserve is all but certain to raise interest rates next weeks, boosting the dollar and weighing on gold.
Gold's safe haven appeal has also diminished as U.S. stocks zoomed to new record highs, with markets unaffected by the transition from Barack Obama to Donald Trump.
Gold for February was down 8 dollars at $1162 an ounce.
On the economic front, The University of Michigan's Consumer Sentiment for December will be released at 10.00 am ET. The economists are looking for a consensus of 94.1, slightly up from 93.8 in the prior month.
The Commerce Department's Wholesale Trade data for October will be released at 10.00 am ET. Consensus is for a fall of 0.4 percent, while it recorded 0.1 percent growth in the previous month.
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