Gold firms with a lower dollar
Gold held steady on Thursday after rising nearly half a percent in the previous session as the dollar fell, but views on US interest rates curbed gains.
The spot price of gold has not changed mostly at $ 1,204.50 an ounce at 4:15 GMT.
GDP grew at an annual rate of 4.2 percent, data from the Ministry of Commerce showed in its second estimate of GDP growth for the second quarter. This rose slightly from the pace of expansion of 4.1 percent in July.
The data boosted expectations of a rate hike in the US next month, with a 96 percent probability, according to federal futures.
The US Federal Reserve should be willing to raise interest rates longer or faster than currently expected to insure against rising inflation in the US economy, which is working near full employment.
High rates affect the attractiveness of gold without interest.
American and Canadian leaders on Wednesday hoped that they could reach a new NAFTA agreement until Friday deadline because negotiators are ready to speak overnight, although Canada has warned of many deceptive matters.
“First support for gold is $ 1,200 an ounce and the next key level is $ 1.180,” said Carlo Alberto de Casa, chief analyst at ActivTrades. He added that the rise above $ 1210 will be the first positive boost.
Three trade unions said on Wednesday that wage negotiations in the gold sector had reached an impasse and had declared a dispute, a step not a step away.