(Kitco News) – The U.S. economy may not be in as bad a shape as initially expected, but the nation’s Gross Domestic Product (GDP) remains in contraction territory, continuing to support gold’s current safe-haven appeal.The second estimate of U.S. GDP showed the economy contracted by 0.1% in the first quarter of 2025, the Bureau of Economic Analysis announced Thursday. The data was better than expected, as economists had forecast the contraction would remain unchanged at 0.3%.The report noted that trade imbalances remain the primary driver behind the contraction.
