SAN FRANCISCO (MarketWatch) -- Gold futures pared earlier gains Tuesday, while oil futures turned higher after data on U.S. consumer confidence and new home sales. Federal Reserve Chariman Ben Bernanke was also giving a semiannual monetary policy report to Congress. April gold traded at $1,590.50 an ounce on the Comex division of the New York Mercantile Exchange, up $3.70, or 0.2%. It was trading around $1,593.70 before the release of the data and Bernanke testimony. March crude oil traded at $93.17 a barrel on Nymex, up 6 cents, or 0.1%. It was trading around $93 before the news.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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