(Kitco News) - Comex gold futures prices are trading not too far from unchanged levels Friday morning, on some tepid short covering and technical consolidation on the daily chart. As the year winds down, many bigger market players have moved to the sidelines until the new year arrives. There is some fresh U.S. economic data on the docket Friday, which precious metals traders will scrutinize. February gold last traded up $1.20 an ounce at $1,698.00. Spot gold was last quoted down $0.80 at $1,697.00. March Comex silver last traded up $0.225 at $32.565 an ounce.
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