The latest reading of the Thomson Reuters/University of Michigan consumer sentiment index, although preliminary, shows a drop from 74.5 to 72.7 for the month of January. A rise in gasoline prices put the biggest crimp in the survey's result.
Also released was the November U.S. business inventories number, which showed a suprprising dip of 0.2%.
Gold took some heart from both items, advancing to $1,368 from $1,365 when the reports were released. Overall, though, the metal is still floundering around in the mid-1360s. The jump was short-lived.
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