Gold price hits $4,154/oz after retail sales rise 0.8% in September

(Kitco News) - The gold market is trading near session highs after the latest data showed American consumers’ spending rising more than expected last month.U.S. retail sales rose 0.8% in September following a revised reading of 1.3% in August, the U.S. Commerce Department announced on Thursday. The data was better than expectations, as the consensus of economists projected a 0.3% increase in September’s headline number.