Gold drops 0.3% on strong GDP data; oil loses 1% - Gold prices continued to pull back today as a stronger-than-expected report on the U.S. economy dampened demand for safety plays. Gold for August delivery fell for a second day, dropping 0.3 percent to finish at $1,294.90 an ounce. The U.S. economy expanded at a 4 percent annual pace in the second quarter, stronger than economists had forecast and a sign that the economy has recovered from the unusually harsh winter. ... ow.ly/2KXtUc
Posted on: Wed, 30 Jul 2014 20:21:12 +0000
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