Gold up 1 percent on soft dollar after weak U.S. data
NEW YORK/LONDON, April 28 (Reuters) - Gold rose 1 percent on Tuesday after disappointing U.S. data hit the dollar and dampened expectations that the Federal Reserve will hint at this week's policy meeting at an interest rate hike in coming months. Spot gold climbed 1.1 percent to a three-week high of $1,215 after the data showed U.S. consumer confidence dropped in April to its lowest since December. It was up 0.9 percent at $1,212.13 an ounce at 2:42 p.m. EDT (1842 GMT) after a 2 percent rise on Monday, while U.S. gold futures for June delivery settled up $10.70 an ounce at $1,213.90.
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