Gold Moves Higher on Weak GDP Print (GLD)
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Gold is seeing an immediate pop higher on the much weaker-than-expected GDP report. Q4 GDP (Annualized) -0.1% versus an expected +1.1%.
SPDR Gold Shares (GLD) last traded at $161.90, up 0.6%.
The move higher in gold is likely related to the thinking that the Fed will have to continue QE indefinitely.
SPDR Gold Shares (GLD) last traded at $161.90, up 0.6%.
The move higher in gold is likely related to the thinking that the Fed will have to continue QE indefinitely.
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