The trading tone in gold and silver Friday will likely be set following the release of the advance U.S. gross domestic product estimate for the first quarter.

FORBES: Comex Gold Weaker as Traders Await U.S. GDP Data

The economy slowed to a 1.5% growth rate in the April-to-June period, from 2.0% in the first quarter, according to Commerce's first estimate of gross domestic product last week.

WSJ: Jobless Claims Increase

The release is the ONS's earliest estimate of gross domestic product and the figure is often revised as data for the full three months is not yet available for every sector of the economy.

BBC: UK economy continues to contract

Fourth-quarter U.S. gross domestic product was revised up to 3.0% from a previous estimate of 2.8%, and against expectations for a figure of 2.7%.

WSJ: European Stocks Edge Lower

U.S. durable goods orders fell a whopping 13% in August, while the latest estimate for second-quarter U.S. gross domestic product saw the growth rate shaved by 0.4%, to just 1.3% growth.

FORBES: P.M. Kitco Metals Roundup: Gold Surges on Spain Budget News, Ideas of Fresh China Stimulus

Gold prices rose on Friday, supported by a stronger-than-expected estimate of third-quarter U.S. gross domestic product report, which showed the U.S. economy grew by 2%, versus 1.3% in the second quarter.

FORBES: METALS OUTLOOK: Cautious Trading May Remain The Trend For Gold

Rising weekly jobless claims and a tepid gross domestic product estimate for the second quarter added to a recent string of weak U.S. economic data that is making for increasing speculation the Federal Reserve may opt for another round of quantitative easing of U.S. monetary policy.

FORBES: By Jim Wycoff Of Kitco News

According to one estimate, India's underground economy accounts for 50% of the country's gross domestic product.

BBC: Indian currency