Gold prices dropped as the U.S. dollar was stronger after growth in the U.S. economy slowed less than expected, though trade tensions weighed on business.
Second-quarter gross domestic product increased at an annual rate of 2.1% from 3.1% in the first quarter, compared to estimates for 2% growth.
Market participants are now looking forward to the U.S. central bank's July 30-31 monetary policy meeting, where it is expected to trim its interest rate.
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