Price Future Group’s Flynn: U.S. GDP Bodes Well For Gold

The softer-than-forecast U.S. report on second-quarter gross domestic product is supportive for gold, says Phil Flynn, senior market analyst with at Price Futures Group. GDP growth was revised to 1.2% when analysts were looking for 2.6%. Around 10 a.m. EDT, Comex December gold was up $8.10, or 0.6%, to $1,349.30 an ounce.

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