Gold futures declined Thursday for a third consecutive session. The positive final revision for first quarter U.S. GDP to 2%, along with a drop in jobless claims, point to a July interest-rate hike by the Federal Reserve, and that pressured gold prices, said Jeff Wright, chief investment officer at Wolfpack Capital. Gold for August delivery
GCQ23,
declined by $4.30, or 0.2%, to settle at $1,917.90 an ounce on Comex, the lowest most-active contract finish since March 14, FactSet data show.
