Gold prices ended the week the way it began, hitting a record price in New York Friday, as equities retreated with news of a slowing economic recovery.
The Commerce Department said the real gross domestic product rose 1.3 percent in the second quarter, down from 1.9 percent in the first quarter of the year.
The dollar index was supportive, falling 0.45 percent.
Gold, which set records Monday and Tuesday, added $12.70 to $1,628.90 per troy ounce Friday on the Comex division of the New York Mercantile Exchange.
The euro rose to $1.4397 from Thursday’s $1.4331. Against the yen, the dollar fell to 76.79 yen from Thursday’s 77.72 yen.
The dollar was down in most of Europe and up in most of Asia. The British pound rose to $1.6426 from $1.6373. The dollar rose to 0.9553 Canadian dollars from 0.9492 Canadian. Against the Hong Kong dollar, the U.S. standard rose to 7.7937 Hong Kong dollar from 7.7926 HKD.
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