Revisions to gross domestic product growth in the third quarter of 2016 showed the U.S. economy grew at a pace of 3.5%, rather than the previously reported 3.2%, and double the 1.4% recorded for April, May and June, according to a report by the U.S. Department of Commerce's Bureau of Economic Analysis. The Dow Jones Industrial Average fell 0.86% to 19,762.60 and the S&P 500 dropped 1.1% to finish the year at 2,238.83. Gold was up 2%, or US$22.60 per oz. to US$1,150.90, and the Philadelphia Gold & Silver Index rose 6.2% to 78.86.
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