Gold Price Today: Yellow metal up 1.3% WoW. Worsening Middle East crisis to boost appeal

Earlier in the week, it was reported that the US GDP in Q3 (advance estimate) grew at 4.90% on an annualised basis, which topped the forecast of 4.50%. Similarly, durable goods orders and pending home sales were better than estimates, thus the US data continue to throw upside surprises.

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