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%.
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