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Gold, silver fall as strong U.S. GDP, inflation support Fed tightening bets
Gold slides below $4,000 as strong US growth and stubborn inflation fuel fresh Fed tightening bets.
4 trends tracked about this subject — the full history, oldest to newest below.
Gold slides below $4,000 as strong US growth and stubborn inflation fuel fresh Fed tightening bets.
US GDP accelerated to 3.4 percent in the third quarter alongside a slight rise in the Federal Reserve's preferred inflation measure.
Coverage tracks the U.S. economy growing by 2.2% in the second quarter following a government upgrade.
Recent reporting indicates the American economy has fallen short of growth expectations amid broader economic pressures.