Gold futures rose for the second straight day as weaker U.S. consumer confidence added to concerns that the economy is slowing, boosting demand for the precious metal as a haven. Silver jumped the most in four weeks.
The Thomson Reuters/University of Michigan preliminary sentiment index decreased to 93.6 from a final January reading of 98.1 that was the highest since the start of 2004, figures showed Friday. A report on Thursday revealed that sales at U.S. retailers fell more than forecast in January.
