(Kitco News) Gold edged down after the newly released data showed that orders for long-lasting U.S. factory goods were up 5.6% in December versus the expected gain of just 2.5%.
Meanwhile, November’s data was revised up to a drop of 1.7%.
The monthly increase in durable goods orders was $15.3 billion and was largely driven by transportation equipment, which was up four of the last five months, the U.S. Census Bureau said in the report.
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Read More:U.S. durable goods beat expectations in December, gold price ticks down
2023-01-26 13:46:00
