Gold fell to $1,083.00 (-0.50%). The precious metal approached its lowest level in five and a half years and headed for the sixth weekly decline in a row amid a stronger dollar. The dollar (bullion's opponent) gained after data showed that the U.S. economy expanded by 2.3% in the second quarter vs 2.6% expected. However it's even more important that the first quarter's reading was revised to +0.6% from -0.2%. "That big overhang is enough to keep gold trading at low levels," Argonaut Securities said.

Physical demand remained weak.