In electronic trading, gold for December delivery GCZ3 -0.21% was off $1.60 to $1,316.30 an ounce. Silver SIZ3 -0.20% gave up 3 cents to $21.74 an once.A day earlier, gold futures rebounded from a three-week low, closing higher as a weaker U.S. dollar helped boost demand ahead of Friday’s nonfarm payrolls report.
Before that, traders will get a look at preliminary GDP numbers, with economists polled by MarketWatch predicting that the U.S. economy likely expanded by 2.3%. At the same time, the Labor Department will issued jobless claims for the week ended Nov. 2. Read: Spotlight on the economy.
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