Gold Moves Up on Wednesday as U.S. GDP Falls Short

Reuters reported that gold jumped up Wednesday as investors reacted to U.S. GDP data that did not meet expectations.

As quoted in the market report:

Spot gold rose as much as 1.1 percent to a one-week high of $1,682.90 an ounce. It stood at $1,680.66 an ounce by 1633 GMT.

To view the whole Reuters report, click here.