GOLD continues to climb to the top after the GDP report

World gold prices today continued to climb to a peak after the latest report showed that US GDP in the third quarter increased by 5.2% instead of the estimate of only 4.9%. Today's world gold price listed on Kitco is at 2,042 USD/ounce, up 2 USD/ounce compared to early yesterday morning.

Precious metal prices continued to climb to their peak after the latest report showed that US GDP in the third quarter increased by 5.2% instead of the estimate of only 4.9%.

Stronger GDP data boosted the USD and put slight pressure on gold in mid-week trading. However, expectations that the US Federal Reserve (Fed) may cut interest rates in the first half of next year continue to keep bullion near a 7-month high.