MW: Gold futures start higher on upbeat economic data
NEW YORK (MarketWatch) -- Gold futures opened higher Thursday after reports from overseas bolstered thinking the global recovery is accelerating, spurring demand for the metal and other commodities. "Gold is expected to find buyers on dips, with economic recovery hopes expected to boost demand for commodities generally," wrote analysts at Action Economics. Gold for May delivery rose $2.2 to $1,116.7 an ounce on the New York Mercantile Exchange.
