Gold stays strong despite mixed economic data, and more lithium

Gold stays strong despite mixed economic data, and more lithium producers announce spending halts

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Three pieces of economic news came out this week: housing, GDP and jobless claims. On Thursday, mining audiences manager Michael McCrae hosted Kitco Roundtable. Starting the strong news, The U.S. economy continues to defy the odds, as the nation’s Gross Domestic Product (GDP) experienced solid growth in the second quarter. However, despite this positive economic data, gold prices remain largely unaffected, with the market continuing to consolidate near record levels.On Thursday, the...

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