Gold Ends Higher as Economic Data Raise Uncertainty for Interest-Rate Hike

Federal Reserve will hold a policy meeting next week

by Myra P. Saefong and Rachel Koning Beals
Market Watch

Gold futures settled higher on Thursday as weaker-than-expected orders for U.S. durable goods raised some uncertainty over an interest-rate hike before the end of the year.

[…] December gold GCZ6, +0.17% gained $2.90, or 0.2%, to settle at $1,269.50 an ounce. Prices are down about 3.5% so far this month.

December silver SIZ6, +0.09% added 1.3 cents, or less than 0.1%, to finish at $17.639 an ounce.

Orders for long-lasting goods made in the U.S. fell 0.1% in September, data showed Thursday. Economists polled by MarketWatch had expected a 0.1% increase. Weekly jobless claims fell 3,000 to 258,000, though economists expected claims to total 255,000.

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