investing in gold: Gold rises to highest price after US goods orders

investing in gold:Gold prices rose to the highest price in session during the day Wednesday, after data showed that US durable goods orders fell unexpectedly in February, while basic goods orders also fell, raising concerns about the strength of the economy.On the Comex division of the New York Mercantile Exchange, gold delivery in April rose 4.80 cents, or the equivalent of 0.4%, to trade at $ 1,196.20 per ounce t during the morning hours in the United States. The highest price it by $ 1,197.40 per ounce higher price for March 6 / since March.And was likely to find support gold at $ 1,167.90 per ounce lowest price since March 20 / March and resistance at $ 1,200.00 per ounce higher price March 6 / since March.On the previous day, gold rose 3.70 cents, or equivalent to 0.31%, to close at $ 1,191.40 per ounce, a fifth weekly rise in a row.The US Commerce Department said that total durable goods orders, which include transportation, fell 1.4% last month, compared with expectations for an increase of 0.4%. Was revised durable goods orders in January and down to gain a 2.0% increase from the previously reported 2.8%.Rose core durable goods orders, excluding volatile transportation, rose 0.4% in February, disappointing expectations that were looking forward to an increase of 0.3%. The core durable goods orders unchanged in January figure was revised from the previously reported gain of 0.3%.The decline in the US dollar index, which measures the strength of the dollar against a basket of six major currencies, adding to losses after the release of disappointing data, by 0.65% to hit 96.80.Gold investing news