Gold futures declined slightly Friday after growing concerns over a cooling global economy offset better-than-expected news about U.S. GDP growth, marking the metal’s first three-week loss in more than a year.

Gold futures for December delivery slipped to $1,711.90 on Friday, according to CME Group. Gold traded as high as $1,719.90 and as low as $1,701.40. Gold bullion closed in London at $1,715, according to BullionVault.

Silver futures for December delivery also dipped, closing down at $32.04 per ounce. Friday’s high for silver was $32.38, while the low was $31.60.

Gold and silver funds moved slightly lower in Friday trading.

• The SPDR Gold Trust (NYSE:GLD) fell 0.1%.
• The iShares Gold Trust (NYSE:IAU) declined 0.1%.
• The iShares Silver Trust (NYSE:SLV) slipped 0.1%.

Gold and silver mining ETFs retreated during the day.

• The Market Vectors Gold Miners ETF (NYSE:GDX) dipped 0.7%
• The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) slid 0.6%.
• The Global X Silver Miners ETF (NYSE:SIL) sank 0.7%.

Gold mining shares moved lower on Friday, with Eldorado Gold (NYSE:EGO) sinking the most.

• Agnico-Eagle Mines (NYSE:AEM) retreated 1.3%.
• Barrick Gold (NYSE:ABX) slipped 0.8%.
• Eldorado Gold fell 1.7%.
• Goldcorp (NYSE:GG) edged down 0.2%.
• Kinross Gold (NYSE:KGC) decreased 1.1%
• Newmont Mining (NYSE:NEM) dipped 0.5%.
• NovaGold Resources (AMEX:NG) sank 0.8%.
• Yamana Gold (NYSE:AUY) dropped 1%.

Silver mining shares mostly fell on Friday.

• Coeur d’Alene Mines (NYSE:CDE) moved lower 0.8%.
• Hecla Mining (NYSE:HL) declined 0.8%.
• Pan American Silver (NASDAQ:PAAS) rose 0.4%.
• Silver Wheaton (NYSE:SLW) gained 0.5%.
• Silver Standard Resources (NASDAQ:SSRI) dropped 1.2%.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.