Initial U.S. GDP Report Cause Drop in Gold Prices

GOLD

Gold prices fell today after the U.S. Dollar gained some strength following the initial release of data revealing the U.S. economy grew above expectations for the fourth quarter of 2022. The news of the rise in new home sales during December kept Gold prices down. At 11am PT today, Gold is trading at $1,930 per ounce, down $11.

SILVER

Silver continues to slowly move towards $24 but it has yet to break through. At 11am PT today, Silver is trading at $23.90 per ounce, up $0.05.