MW: Crude, gold stay lower after durable goods data
By Nick Godt
NEW YORK (MarketWatch) -- Crude oil and gold futures stayed lower on Friday, after the government reported demand for U.S.-made durable goods fell for the first time in four months in March as orders for new aircraft plunged 67%. Crude oil for June delivery fell 32 cents, or 0.4%, to $83.34 a barrel in electronic trade. Gold for June delivery was down 20 cents at $1,142.50 an ounce. Orders for durable goods fell 1.3% in March to a seasonally adjusted $176.7 billion after a 1.1% gain in February. Excluding transportation goods, however, new orders rose 2.8% to $136.5 billion in March, the fastest growth since the recession began in December 2007.
