Gold prices stabilize amid profit-taking, U.S. data on tap @WWW.MCXRESEARCHGURU.COM 8859222859

Gold prices held steady on Friday, as investors locked in profits from the precious metal’s rally to six-week highs on Thursday and as markets awaited the release of U.S. second-growth data due later in the day.

On the Comex division of the New York Mercantile Exchange, gold futures for August delivery were little changed at $1,259.28, off the previous session’s six-week high of 1,265.00.

The August contract ended Thursday’s session 0.85% higher at $1,260.00 an ounce.

Futures were likely to find support at $1,243.20, Wednesday’s low and resistance at $1,265.00, Thursday’s high.