Gold futures were little changed Tuesday morning amid data showing a modest downward revision to U.S. third quarter GDP growth.
U.S. 3rd-quarter GDP was revised down to 2% from 2.1%, while the rise in consumer spending was unchanged at 3%.
Gold touched a 6-year low below $1050 an ounce earlier this month, but has since fought back as concerns about higher U.S. interest rates have generated some risk aversion.
On the Comex this morning, February gold was down 1 dollar at $1080, with a stronger dollar putting a cap on the holiday season gains.
The material has been provided by InstaForex Company – www.instaforex.com