Gold prices fell on Thursday in Asia as recent economic data pointed to an improved economic growth outlook and put pressure on the safe-haven metal.

Gold Futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2% to $1.273.75 per ounce by 12:40 AM ET (04:20 GMT).

The metal has so far lost more than 1% this week, and is on track for a fourth straight weekly decline. Most markets are closed for Good Friday on April 19.

China’s economy expanded more than expected in the first quarter of 2019, official data showed on Wednesday, while industrial output and retail sales for March were also better than expected.


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