Gold futures declined on Thursday, a day after prices posted their highest finish in nearly two weeks. The precious metal saw prices drop after a better-than-expected U.S. GDP number, with the thinking being that a more robust growth number would strengthen the Federal Reserve’s “resolve to keep hiking” interest rates, said Brien Lundin, editor of Gold Newsletter. However, gold’s price recovered some of its losses after that more bearish reaction, he said. Gold for December delivery
GCZ22,
fell $3.60, or 0.2%, to settle at $1,665.60 an ounce on Comex after trading as low as$1,658.50.
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