28
July
Gold rebounds on bargain-hunting, durable-goods data
28 July 2010 MarketWatch
SAN FRANCISCO (MarketWatch) -- Gold edged higher Wednesday as an unexpected decline in June durable-goods orders fuelled safe-haven demand for the precious metal, which settled at three-month lows on Tuesday.
Gold for August delivery added 30 cents to $1,158.50 an ounce on the New York Mercantile Exchange. The contract earlier hit an intraday high of $1,165 an ounce, according to FactSet Research.
