US Close 7 Sept 16: US markets and gold higher, AUD strong ahead of GDP.

US sharemarkets posted modest gains on Tuesday. While economic data was weaker-than-expected, takeover activity served to boost investor sentiment. Molecular diagnostics company Cepheid agreed to be bought by Danaher for $4 billion. In the energy sector, focus was on Enbridge's acquisition of Spectra Energy for about $28 billion. The Dow Jones index rose by 46 points or 0.3%. The S&P 500 index also rose by 0.3% and the Nasdaq gained 26 points or 0.5%.

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