Gold News & Info

Source:Dana Samuelson, American Gold Exchange

AustinGold edged slightly lower during the New York trading session, dipping 0.20%, following the release of the U.S. second quarter GDP. The U.S. economy grew at 4.1% in Q2 2018, it�s fastest rate in almost four years, with consumer spending leading the growth spurt at 4%. Analysts expected Q2 GDP to be 4.2%. Annual U.S. GDP was revised up to 2.8% following the strong second quarter and analysts are now anticipating annual U.S. GDP for 2018 to be approximately 3%. The dollar was marginally stronger following the release of the GDP news, however, concerns over trade tariffs and trade friction weighed on the dollar later in the trading session, causing the dollar to give up it�s early gains.

At the Comex close: August gold fell $2.70 to $1,223.00; September silver eased 2 cents to 15.54; October platinum fell $4.00, to $831.70; and September palladium dropped $15.10 to $918.50 an ounce.