Gold softens as dollar strengthenes on US GDP number

Newswire

NEW YORK, Nov 29 (Reuters) - U.S. gold futures fell Wednesday morning as the dollar strengthened after the preliminary reading of U.S. third-quarter economic growth came in stronger than expected. At 8:35 a.m. EST (1333 GMT), December gold at the COMEX division of the New York Mercantile Exchange was down $2.00 at $635.30 an ounce. It had showed a loss of just more than $1 before the U.S. Commerce Department said gross domestic product expanded at a 2.2 percent annual rate during the ...

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