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

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

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

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

By Neils Christensen

For Kitco News

Follow neils_Cnchristensen@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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