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Gold Futures Fall for Second Straight Day on U.S. Economic Data

Gold slid for a second straight day as signs of improving U.S. economic growth boosted speculation that the Federal Reserve will end its stimulus program.

Orders for durable goods rose a better-than-forecast 3.6 percent in May, while confidence among U.S. consumers climbed in June to the highest in more than five years, separate reports showed today. Gold slumped 6.9 percent last week after Fed Chairman Ben S. Bernanke said the central bank may slow its asset-purchase program if the U.S. economy continues to improve.