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US: Durable Good Orders (Sep) dropped 1.3%

FXStreet (Edinburgh) - The Commerce Department has informed that orders for US long-lasting goods have contracted 1.3% MoM during September, missing expectations at 0.5% although better from August’s 18.3% drop (revised). Excluding the Transportation sector, orders fell 0.2% vs. forecasts for a 0.5% advance.

United States Durable Goods Orders ex Transportation below expectations (0.5%) in September: Actual (-0.2%)

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Gold at day’s high as US Durable Goods Orders fall in September

Gold prices have shot higher to trade at the day’s high after the official data in the US revealed a fall in the US durable goods orders in September.
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