US Durable Goods Orders Impact Gold Prices and Business Investment
TL;DR Summary
Gold prices remain steady around $2,000 an ounce despite strong-than-expected US durable goods data, with June gold futures trading at $2,008.70 an ounce, up 0.21% on the day. While economists expect recession fears to ease, some analysts note further weakness in the manufacturing sector as core durable goods, excluding transportation and defense spending, fell 0.4% last month, down from February’s 0.2% increase.
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