(Kitco News) Gold was trading at daily highs after the newly released data showed that orders for long-lasting U.S. factory goods were up 0.8%% in June versus the expected advance of 2.1%.
Meanwhile, May's data was upwardly revised to an increase of 3.2% from 2.3%.
Following the release, gold prices were holding steady at daily highs amid a weaker U.S. dollar. August Comex gold futures last at $1,805.00, up 0.32% on the day.
Gold price at daily highs as U.S. durable goods disappoint in June
Gold bars with green arrow by Marco Verch Professional Photographer is licensed under CC BY 2.0
Gold bars with green arrow by Marco Verch Professional Photographer is licensed under CC BY 2.0