Gold remained stuck below the psychologically important $4,100 level Thursday, even after fresh U.S. manufacturing data came in weaker than Wall Street expected and offered another warning sign about the health of the industrial economy.
The Commerce Department reported that durable goods orders rose just 0.3% in June, a modest rebound after May’s revised 4.0% decline. Economists had been looking for a much stronger 1.6% increase, making the report another disappointment for investors watching for signs of durable economic momentum.
Core durable ...
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