Gold Dropped After Data Showed That The U.S. Economy

Gold trading range for the day is 28369-28807. Gold dropped after data showed that the U.S. economy grew faster than expected, reinforcing expectations for more U.S. interest rate hikes this year. 

Chicago Fed President Charles Evans, said he was in line with most of his colleagues in supporting further rate hikes this year.

Gross domestic product increased at a 2.1% annualized rate instead of the previously reported 1.9% pace, in its third GDP estimate for the period. 

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