U.S. Durable Goods Top Expectations in February, Core Orders Also Beat Forecasts
• U.S. durable goods orders beat expectations in February, rising 1.4% vs forecast 1.1%
• Core durable goods also topped estimates, up 0.5% vs 0.4% expected
• Non-defense capital goods orders excluding aircraft jumped 0.7%, much higher than the 0.1% consensus
• January non-defense capital goods revised down from 0.1% to -0.4%
• Gold market holds near session highs around $2,193/oz following the data