Gold Eases After Strong GDP
Gold eased below $4,820 per ounce on Thursday, consolidating beneath recent record highs after a volatile stretch as investors weighed firmer US economic data against lingering geopolitical risks.
Revised figures showed the US economy expanding at a slightly stronger pace than initially estimated, reinforcing signs of resilience even as momentum cools at the margin.
This combination kept real yields elevated and limited upside for non yielding assets, tempering enthusiasm for bullion.
Still, gold remained supported by persistent uncertainty after President Donald Trump retreated from tariff threats against Europe tied to Greenland and ruled out the use of force, even as Denmark rejected negotiations and European lawmakers paused approval of the EU US trade agreement.
Additional support came from spillover concerns following a sharp selloff in Japanese government bonds.
Source: Tradingeconomics.com
