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

Kitco News

durable goods

(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%.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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