Metals Stocks: Gold prices post a modest climb, but hold below $2,000 an ounce after U.S. GDP data

by | Apr 27, 2023 | Stock Market

Gold futures ended with a modest gain on Thursday, but marked a fourth finish in five sessions below $2,000 an ounce, after a reading on first-quarter U.S. GDP came in lower than expected. The data may have raised some concerns that a potential recession could hurt consumer demand for precious metals, but banking sector worries provided haven support for gold, analysts said. Price actionMarket drivers Gold’s…

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