Gold Gives Up Gains on Upbeat US Manufacturing Data – Wall Street Journal

Gold fell on Friday, giving up earlier gains, after stronger-than-expected U.S. manufacturing data brought the prospect of higher U.S. interest rates back into focus for some investors.

The most actively traded gold futures contract, for December delivery, was recently down $3.50, or 0.3%, at $1,162.60 a troy ounce on the Comex division of the New York Mercantile Exchange.

Gold prices have been inching higher in recent weeks on…