Gold is trading at a 6-month low

Gold prices traded at their lowest level in 6 months during Thursday’s session, recording levels below $1,900 per ounce.

Gold’s losses coincided with a rise in the dollar and the yield on US Treasury bonds.

The dollar recorded its highest level in 10 months against a basket of major currencies yesterday, Wednesday.

Markets are also awaiting the release of important economic data later today, led by America’s gross domestic product for the second quarter.

For his part, Fed President Neel Kashkari in Minneapolis said that it is not yet clear whether the Fed has finished raising interest rates amid mounting evidence of the strength of the economy.

In terms of trading, gold futures settled at $1,891.2 per ounce.