On Wednesday, the US Bureau of Economic Analysis (BEA) announced that it revised the annualized Gross Domestic Product (GDP) growth to 3.2% from 3.3% in the initial estimate. The US Dollar (USD) came under modest selling pressure during the American trading hours and allowed XAU/USD to end the day in positive territory.
Gold gathered bullish momentum on Thursday, when it touched its highest level in nearly a month at $2,050.
Gold gathered bullish momentum on Thursday, when it touched its highest level in nearly a month at $2,050.
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