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Gold futures are trading to the downside in the early part of Friday’s Asian session despite a lower GDP growth outlook for the U.S. from the International Monetary Fund.
On the Comex division of the New York Mercantile Exchange, gold futures for June delivery fell 0.26% to USD1,580.65 per troy ounce in Asian trading Friday after settling up 0.30% at USD1,563.45 a troy ounce in U.S. trading on Thursday.