Gold futures flat after U.S. GDP data

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Source: Forexpros
Gold futures were little changed on Wednesday, August 29, after data indicated that the U.S. economy expanded more than expected in the second quarter.  Bullion inched 0.01 per cent lower to $1,667.55 per troy ounce.  Other precious metals also were flat, with silver and copper for December settlement losing 0.01 per cent and 0.35 per cent, respectively.
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Wed, 29 Aug 2012 17:57:10 GMT

U.S. economy grew at revised 1.7% in Q2

The world's biggest economy expanded 1.7% in the second quarter from a reading of 1.5% in the first quarter, meeting analysts' estimates. Also in the report, made by the Bureau of Economic Analysis, personal consumption rose 1.7% instead of a prior reading of 1.5%, while imports added 2.9%, versus an initial estimate of 6.0%.

Wed, 29 Aug 2012 17:35:10 GMT

German HICP climbs in August

Germany's HICP inflation rose more-than-expected in August, Destatis posted preliminary data on Wednesday. The Harmonized Index of Consumer Prices surged 2.2% on year, after a 1.9% rise in July. Analysts forecast an increase of 2%. The HICP posted 0.3% advance on month-on-month basis. The Consumer Price Index rose 2% on year in August, from 1.7% in previous month.

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