MW: Oil adds to gains; gold holds after consumer data
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures added to gains Tuesday after a gauge of U.S. consumer confidence shot up beyond expectations and to its highest since July. Gold futures held to modest gains at first, but then shaved back a few pennies. Crude for January delivery CL2F +1.32% added $1.30, or 1.3%, to $99.51 a barrel on the New York Mercantile Exchange. The contract had traded at $99.36 before the data. Gold for December delivery GC1Z +0.19% rose $2.70, or 0.1%, to $1,712.70 an ounce on the Comex division of the Nymex. Gold had traded at $1,714.10 before the data. The Conference Board reported consumer confidence at 56 in November, from the upwardly revised 40.9 in October.
