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Gold Falls Below $4,000 as U.S. Q1 GDP Beats Forecasts at 2.1%, Inflation Cools

2026-06-25 20:52:10

According to Kitco News, gold prices fell below $4,000 an ounce on Thursday as the U.S. Bureau of Economic Analysis announced stronger-than-expected Q1 GDP growth of 2.1%, up from the previous estimate of 1.6%. The data beat consensus forecasts, which had called for growth to remain at 1.6%. Spot gold last traded at $4,002.90 an ounce. Meanwhile, the BEA noted that while core PCE inflation increased 0.3% in May compared with 0.2% in April, year-over-year core inflation remained stable at 3.4%, well above the Federal Reserve's 2% target but not accelerating.

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