Gold drifts lower as USD recovers
Gold struggles to build on gains beyond the $4,100 m mark.
The US Dollar regains positive traction, reversing part of the previous day’s heavy losses.
Inflation risks from volatile crude oil prices keep bets on a Fed rate hike firmly on the table, exerting downward pressure on gold.
The US economy expanded at an annual rate of 1.5% in the second quarter, down from 2.1% in the previous quarter.