The most active gold contract for February delivery rose 3.60 U.S. dollars, or 0.18 percent, to close at 2,051.30 dollars per ounce.
Economic data released Thursday also supported gold. The U.S. Commerce Department reported that U.S. gross domestic product (GDP) grew at an annualized rate of 4.9 percent in the third quarter, slower than the previous estimate of 5.2 percent.
The U.S. Labor Department reported that U.S. initial jobless claims in the week ending Dec. 16 rose modestly to 205,000 from the prior week's revised level of 202,000.
The Philadelphia Fed said its gauge of regional business activity fell to negative 10.5 in December from negative 5.9 in the prior month. Any reading below zero indicates deteriorating conditions. Economists had expected a negative 4 reading in December.
Silver for March delivery fell 4.60 cents, or 0.19 percent, to close at 24.585 dollars per ounce. Platinum for January delivery fell 3.70 dollars or 0.38 percent, to close at 970.30 dollars per ounce.
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