- Spot gold added $1. 34 to $1, 788. 59 an oz by 0014 GMT. Last week, prices were highly volatile sliding more than $200 from the record $1, 911. 46 an ounce, dropping towards $1, 700.
- ALL OF US gold rose $2. 0 to $1, 793. 6 an ounce.
- The actual Nikkei rose 1. 3% on Tuesday after US stocks surged on strong consumer spending data along with a merger between two big Greek banks which provided relief in debt-stricken European countries.
- US consumer spending rose at its fastest pace in five several weeks in July, a further sign the economy is not falling back in to recession, although manufacturing activity in Texas almost stalled this month.
MARKET INFORMATION
- Stocks rallied on Monday along with oil after a merger between two major banks in Greece gave investors a rare little bit of encouraging news out of Europe.
- Brent crude rose a fifth straight session on Monday as equities rallied on the rise in consumer spending and strong financials.