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Gold Prices At Session Lows As Q2 GDP Holds At 4.2%

Kitco News

(Kitco News) - Gold prices remain under pressure and below the critical psychological level of $1,200 as the U.S. economy grew in line with expectations


Thursday, the final reading of second-quarter Gross Domestic Product showed the U.S. economy grew 4.2%, unchanged from the second reading.

Gold prices were in negative territory ahead of the report, but fell to session lows in initial reaction to the data. December gold futures last traded at $1,194.70 an ounce, down 0.37% on the day.

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