Economics
Gold Advances as Foundering U.S. Factories Revive Haven Demand
- Factory output fell by most since February 2015: Fed report
- Consumer sentiment falls in April to weakest in seven months
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Disappointing U.S. economic data is once again giving gold a lift.
Gold futures rose for the first time in three sessions as reports Friday showed manufacturing output unexpectedly declined in March by the most since February 2015, while consumer confidence fell in April to the weakest in seven months. The dollar fell against a basket of 10 major currencies.