Gold futures for August on the Comex division of the New York Mercantile Exchange raised by 0,1% to over $1,400. Gold was under some pressure before in the day after figures demonstrated new orders for durable goods in the US increased by more than double. The main capital goods orders exceeded forecasts by much more than expected. Business spending on equipment was picking up after it had contracted in Q1. It was the first time in three years. Economists predict the economy slowed to a pace of 1,8% in Q2 from the 3,1% rate observed in Q1.
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Gold prices are at a minimum of six months