Gold And Silver Fall On Disappointing Economic News

GOLD

The Gold price reached a low of $2,357 this morning after the latest economic data showed sales of durable goods falling for June. The Commerce Department announced on Thursday that U.S. durable goods orders declined 6.6% last month, following May’s 0.1% rise. The data was far worse than expected as economists were looking for a 0.4% increase.

At 11am PT today, Gold is down $52.

SILVER

Silver followed Gold lower this morning, reaching $27.37 before finding bargain buying.

At 11am PT today, Silver is down $1.17.