Gold prices made modest advances overnight, ahead of the release of the US GDP data this morning as more tentative buyers emerged following the precious metal's largest monthly for of the current year.
Gold, which surged to a record in June, is headed for the biggest monthly decline this year as evidence of a global economic recovery saps investors' demand for the metal as a store of value.
LONDON a ' Gold prices firmed in Europe on Thursday as some Asian buyers were tempted back to the market by the precious metal's fall to three-month lows.
Spot gold was bid at $1,164.10 an ounce at 1514 GMT, against $1,162.55 late in New York on Wednesday, recovering from a three-month low of $1,156.90 reached that day.
U.S. gold futures ended higher Thursday on economic uncertainty over comments by a top Federal Reserve official, but a sharp outflow in the world's largest gold exchange traded fund signaled near-term price weakness.
Oil prices rose Thursday as better-than-expected earnings from Exxon Mobil Corp, Southwest Airlines Co and others bolstered hope for an improving economy.
