Gold prices recorded Thursday, the twenty-third of February, the lowest settlement price in about two months, after the issuance of the Federal Reserve minutes and economic data.
Upon settlement, gold futures fell by 0.8%, or $14.7, to $1,826.8 an ounce, retreating for the fourth consecutive session, and recording the lowest settlement price since December 30.
The Fed minutes showed the support of officials to continue monetary tightening to curb inflation.
While economic data revealed today, the US gross domestic product grew by about 2.7% in the last quarter of 2022, which is lower than the first reading of 2.9%.
Separate data also showed US jobless claims fell to 292 thousand, lower than expectations of 200 thousand.
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