29.09.201614:06:00UTC+00Gold Barely Budges After GDP

Gold futures were flat Thursday, breaking a modest losing streak after better-than-forecast US economic data.

Dec. gold settled at $1,326/oz, up $2.30, or 0.2%, having bounced around this level for the past few weeks.

The Commerce Department said U.S. gross domestic product increased by more than previously estimated in the second quarter.

Second quarter GDP climbed by 1.4 percent compared to the previously reported 1.1 percent increase.

Economists had expected the pace of GDP growth to be upwardly revised to 1.3 percent.

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