Beyond that, U.S. GDP forecasts increased consistently since December 2022, with the latest forecast, as of September 2023, calling for a 1.8 percentage point change from December projections.

Source: https://seekingalpha.com/article/4646872-vv-long-term-constructive-on-us-large-caps-improving-technicals-in-support?source=feed_all_articles

“Spot gold closed 0.85% lower at $1940.34 on better than expected U.S. GDP data.

Source: https://www.financialexpress.com/market/commodities/gold-price-today-26-may-gold-near-two-month-lows-set-for-third-weekly-fall-us-debt-ceiling-talks-eyed/3102524/

The market is not taking a clear direction ahead of the U.S. GDP data and the Fed meeting, said Ilya Spivak, head of global macro at Tastylive.

Source: https://business.inquirer.net/383731/gold-holds-tight-range-ahead-of-u-s-economic-data