Gold price falls to session low $4,612/oz after U.S. durable goods rise 1.1% in July

(Kitco News) - The gold market is trading near session lows after the latest economic data showed sales of durable goods last month beat expectations.The Commerce Department announced Wednesday that U.S. durable goods orders rose 1.1% in July, following June’s unrevised increase of 0.3%. The data was above expectations, as the consensus view of economists called for an increase of 0.5%.