Gold futures settle lower on Friday

Gold futures settled lower on Friday, as the precious metal found few catalysts to climb out of a recent downtrend, even though dollar eased after the release of strong US economic growth data amid still lingering trade tensions between the United States and Europe.

Gold futures for August delivery settled down $2.70, or 0.2 percent, at $1,223 per ounce, on the Comex division of the New York Mercantile. While, spot gold edged up 0.1 percent to $1,223.46 per ounce.

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