Gold Retreats, Pushed Back by Weak U.S. Data

Reuters reported that gold pulled back slightly on Friday, under downward pressure from weak U.S. consumer sentiment data.

As quoted in the market report:

Gold pushed to a high of $1,694.90 in early trade, close to the previous session’s one-month peak, but retreated ahead of the long U.S. holiday weekend after U.S. data showed consumer sentiment at its lowest in more than a year.

To view the whole Reuters report, click here.