Gold Drops to Cheapest Since September 2010 as Silver Tumbles
U.S. durable goods orders rose more than forecast in May, while consumer confidence for June exceeded projections, data showed. Fed Chairman Ben S. Bernanke said this month the central bank, which buys $85 billion of Treasury and mortgage debt a month, may trim purchases this year and end the program in 2014 should the economy continue to improve. This year, investors have sold gold from exchange-traded products at a record pace.