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Gold prices rise slightly while in the U.S. orders for durable goods rose more than forecast.
Orders for durable goods has increased markedly in the last month, beating forecasts with experts. Last improvement - a sign that increased investment in enterprises can contribute to U.S. economic growth in the second half of the year.
Ministry of Commerce announced that the seasonally adjusted demand for durable goods rose in June by 0.7%, which followed a 1.0% decline in the previous month, which was revised from -0.9%. Add that many experts expect more moderate growth - 0.4%.
Excluding transportation, orders for durable goods orders rose 0.8%, while with the exception of the defense industry, the rate increased by 0.7%.
We also learned that the leading indicator of business investment - orders for non-defense capital goods, except aircraft - increased in June by 1.4%.
The cost of the August gold futures on the COMEX today rose to $ 1297.20 per ounce.
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