Gold prices gained after weak economic data from the United States increased expectations for another rate cut by the Federal Reserve.
New orders for key U.S.-made capital goods fell more than expected in September and shipments also declined, the data showed.
Also adding to the concerns over the health of the global economy, Euro zone business activity stagnated in October as demand withered, according to a downbeat survey.
The Fed has cut interest rates twice this year and investors currently see another reduction in borrowing costs when policymakers meet next week.
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