Gold rises on lower than expected economic data

CHICAGO, Aug. 30 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as U.S. economic data came in lower than expected.

The most active gold contract for December delivery rose 7.90 U.S. dollars, or 0.40 percent, to close at 1,973.00 dollars per ounce.

The U.S. Commerce Department on Wednesday unexpectedly revised downward the growth in U.S. gross domestic