CANADA STOCKS-Strong golds, U.S. data push TSX higher
* TSX up 62.45 points, or 0.53 percent, at 11,845.05
* Strong bullion price boosts gold miners
* RIM shares drop on concerns over Saudi move (Updates to close, adds quote)
By Jennifer Kwan
TORONTO, Aug 4 (Reuters) - Toronto's main stock index rose on Wednesday, bolstered by a firmer bullion price and stronger than expected U.S. economic data, which fueled cautious investor optimism about the global recovery.
Gold miners on the upside included Barrick Gold (ABX.TO: Quote), up 2.2 percent at C$43.38, and Goldcorp Inc (G.TO: Quote), rising 2.4 percent to C$40.72, and Agnico-Eagle AEM.TO, which rallied 4 percent to end the day at C$59.67.
The price of bullion broke above $1,200 an ounce as strong physical demand gave the metal its sixth straight daily gain. [GOL/]
U.S. Institute of Supply Management services activity data for July came in better than market expectations, which helped to boost investor optimism, analysts said. [.N]
As well, data showed U.S. private employers added 42,000 jobs in July, slightly better than economists had forecast. [ID:nN04224566] [ID:nEAP103300] Continued...