Gold extends gains above $1,750; Is $1,800 Next?

From monetamarkets.com

Gold continues to ride higher for the second straight day on Thursday. The move was sponsored by the weaker US GDP data and risk aversion in the market. US GDP declined unexpectedly in Q2 amid high inflation figures, interest rate hikes, and supply-chain concerns. The factors weighed upon consumer sentiment and business activity. The economy shrank by 0.9% following a 1.6% drop in the previous quarter. This is the second-straight negative quarter for GDP. The data added to the series of economic data pointed to a decline in economic activity that weighs on the US dollar and strengthens the demand for gold. The ... (full story)