WASHINGTON (dpa-AFX) - Gold prices were flat Thursday amid mixed economic data and surging U.S. stocks.
February gold settled $1 higher at $1,270.60 an ounce.
Economic activity in the U.S. unexpectedly grew at a slightly slower than previously estimated rate in the third quarter, according to a report released by the Commerce Department on Thursday.
The report said real gross domestic product surged up by 3.2 percent in the third quarter compared to the previously estimated 3.3 percent jump. Economists had expected the pace of growth to be unrevised.
Suggesting solid economic growth will continue into the first half of 2018, the Conference Board released a report on Thursday showing a slightly bigger than increase by its index of leading U.S. economic indicators in the month of November.
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