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Gold Prices Rise; All Eyes on U.S. Q2 GDP Data, Fed Meeting


Friday, 26 July 2019 13:04 WIB

GOLDEMAS


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Gold futures for August delivery on the Comex division of the New York Mercantile Exchange inched up 0.1% to $1,415.25 a troy ounce by 1:13 AM ET (5:13 GMT).

The yellow metal was under some pressure earlier in the day after data showed new orders for durable goods in the U.S. rose by more than double the forecasts for June.

Core capital goods orders also beat expectations by much more than expected, suggesting that business spending on equipment was picking up after it had contracted in the January to March quarter for the first time in three years.

Source : Investing.com


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