(Kitco News) – The gold market continues to trade near session highs after the latest data showed American consumers’ spending growth coming in above expectations.U.S. retail sales rose 0.6% in November following a downwardly revised reading of -0.1% in October, the U.S. Commerce Department announced on Wedesday. The data was better than expectations, as the consensus of economists projected a 0.4% increase in November’s headline number.
