MW: Crude oil, gold futures stay down after U.S. data
By Nick Godt
NEW YORK (MarketWatch) -- Crude oil and gold futures remained slightly lower on Monday after the Commerce Department said consumer spending last month outpaced income growth, leading to a decline in the personal savings rate. Crude oil for October delivery was down 34 cents, or 0.5%, to $74.78 a barrel. Gold for December delivery was down 60 cents at $1,237.30 an ounce. Consumer spending rose 0.4% in July. Personal income rose 0.2%. Wall Street economists had expected a 0.3% increase in incomes and a 0.3% gain in spending.
