Grim consumer data pushes gold above $1,300/oz
SAN FRANCISCO (MarketWatch) -- News that the U.S. consumer was the least confident in the economy in seven months were just what gold needed to stage a comeback Tuesday. Gold turned higher and in the process held on to the key psychological $1,300 level. Gold for December delivery rose $5.70, or 0.4%, to $1,304.10 an ounce. The Conference Board at 10 a.m. Eastern said consumer confidence in September fell to its lowest level since February.
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