The expanding U.S. economy made the gold prices fall down. After the strong GDP data, the greenback strengthened significantly, thus the precious metal is rashly losing ground. The gold value was at the 1-day low of $1290.50 per troy ounce before the opening bell at NYSE rang. Comparing to last week, gold rose in price a little though. The concerns over the default in Argentina and the problems Banco Espirito Santo runs into make investors cautious. Silver lost 0.11% to $20.35 per ounce, while palladium sank 1.17% to $854.85. Platinum almost remained unchanged during the day and is trading around $1,462.20.
