MW: Crude oil, gold higher after durable goods data
By Nick Godt
NEW YORK (MarketWatch) -- Crude oil and gold futures rose after the government said U.S. orders for durable goods rose 2.9% in April on stronger demand for airplanes and communications equipment. Crude oil for July rose $1.92, or 2.8%, to $70.67 a barrel. Gold for June delivery was up $15.20, or 1.3%, at $1,213.20 an ounce. The increase exceeded the expected 2.5% rise forecast by economists surveyed by MarketWatch. Excluding the 16.1% increase in transportation goods, orders fell 1.0%.
