Today was another perfect example of weak economic data out of the U.S., with the April’s durable goods number disappointing and revealing weak business investment, said TD Securities head of global strategy Bart Melek. “We had durable goods numbers down 2.1%. They key was the non-defense part, which suggested that investment on the business side might not be near as robust as people would have liked and that is indicative of a slowdown,” Melek said. The implications of slower global growth are tremendous for gold, which is why Capital Economics is still keeping its year-end target level at $1,400 an ounce, which is ... (full story)