Gold Remains Higher After U.S. Factory Orders Fall In July

(Kitco News) – Gold remained stronger after the Commerce Department reported Thursday that U.S. factory orders fell by 0.8% to $497.8 billion in July. Comex December gold was last up $9.60 at $1,210.90.

Consensus expectations compiled by various news organizations called for orders to be down by around 0.6% or 0.7%.

The monthly decline followed a short streak of two straight decreases. June durables rose 0.6%.

By Allen Sykora
For Kitco News


Share Post :

More Posts