Gold prices edge lower but downside seen limited @www.gurusresearch.com

Gold prices edged lower on Friday, still weighed by the previous session’s upbeat U.S. economic growth data, although hawkish comments by several central banks limited the greenback’s gains.

On the Comex division of the New York Mercantile Exchange, gold futures for August delivery eased 0.08% to $1,244.91.

The August contract ended Thursday’s session 0.26% lower at $1,245.80 an ounce.

Futures were likely to find support at $1,236.50, the of low June 26 and resistance at $1,255.70, the high from June 28.