(Bloomberg) -- Gold declined for the third time in four days as U.S. economic data reinforced concern that the Federal Reserve will begin trimming stimulus measures, curbing demand for precious metals as a haven.

The U.S. expanded at 3.6 percent rate in the third quarter, up from an initial estimate of 2.8 percent, while jobless claims unexpectedly declined to the lowest level in more than two months as of Nov. 30, separate government reports showed today. Fed policy makers signaled last month that the labor market will probably improve enough to warrant slowing their $85 billion of monthly bond purchases.

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