Gold futures edged lower for a fourth day, as a blockbuster U.S. GDP report eased fears about markets and the global economy.
With stocks snapping back and the economy on solid footing, the Federal Reserve may raise rates as early as September.
U.S. gold for December slipped $2 to $1,122.60 an ounce.
Despite this week’s losses, gold remains well off a 5-year low of $1074 set earlier in August.
The Commerce Department said real gross domestic product increased by 3.7 percent in the second quarter compared to the previously reported 2.3 percent growth.
The material has been provided by InstaForex Company – www.instaforex.com