Market Wrap: Gold Sinks But Holds Above $1,300 Ahead Of US Jobs Report; Brent Crude Oil Drops To 4-Month Low
Gold, oil and stocks fell sharply today following the release of stronger-then-expected growth figures in the United States. The Bureau of Economic Analysis said that gross domestic product in the third quarter grew at a 2.8 percent annualized rate, well above the 2 percent that was anticipated and even higher than the second quarter’s 2.5 percent rate.
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