MW: Oil trims advance, gold pares decline after ISM
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures trimmed their gains and gold futures pared their decline after manufacturing data took investors attention away from the debt-ceiling deal recently reached in Washington. The Institute for Supply Management reported Monday its index, a gauge of manufacturing activity, fell to 50.9 in July. A reading above 50 indicates expansion and analysts expected a reading of 54.3 for the month. Crude for September delivery CL1U +1.57% added $1.12 to trade at $96.86 a barrel on the New York Mercantile Exchange. It had traded as high as $98.60 a barrel earlier. December gold GC1Z -0.15% declined $2.90, or 0.2%, to trade at $1,627.30 an ounce on the Comex division of the Nymex. It had lost more than $15 earlier.
