MW: Gold turns higher, oil holds to losses after data
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Gold inched up and crude-oil futures pared their losses Friday after a key gauge of consumer sentiment fell to its lowest level in five months. Gold for April delivery (GCJ11 1,436, +0.70, +0.05%) rose $1, or 0.1%, to $1,435.50 an ounce on the Comex division of the New York Mercantile Exchange. Crude for May delivery (CLK11 104.79, -0.81, -0.77%) retreated 82 cents, or 0.8%, to $104.77 a barrel on Nymex. The Thomson Reuters/University of Michigan consumer sentimemt survey registered 67.5 in its final reading in March, from an initial reported level of 68.2 earlier in the month. Economists surveyed by MarketWatch looked for a final reading of 67.5.
