Gold prices try to impacted by U.S. steady manufacturing

Gold prices try to hold on humble gains impacted by economic data showing steady momentum in the U.S. manufacturing sector.

U.S. durable goods orders declined by 0.4% in September, following August’s increase of 1.3%. The data was better than expected; namely a decline of 1.1%.

Excluding transportation, new orders rose by 0.4% the government said, in line with expectations.

The latest data does not relieve concerns about stagflation, or economic activity slowdown. The gold market has seen little reaction to the mixed economic data.

December gold futures last traded at $1,794.20 an ounce, relatively unchanged during Wednesday’s session.