Gold Market Update

Gold rebounded Friday in response to a report showing weaker-than-expected U.S. economic growth, closing out January 8% higher, its best monthly percentage gain since January 2012.

Gold futures for February delivery GCG5, +2.26%  rallied $23.90, or 1.9%, to settle at $1,278.50 an ounce. March silver futures SIH5, +2.87%  gained 43 cents, or 2.6%, to $17.21 an ounce.