Gold futures headed lower for a second session, pressured by the U.S. dollar adding to its gains for the week while data revealed that the U.S. economy expanded at a record pace in the third quarter.]
The World Gold Council, meanwhile, reported a decline in total demand for gold in third-quarter to the lowest quarterly total in 11 years.
“Not unexpected, the euro freefall is providing the magnetic attraction to drag gold lower,” said Stephen Innes, chief global markets Strategist at online brokerage Axi, in a market update.
