SINGAPORE (Reuters) – Gold clung to overnight gains on Tuesday to trade near a one-month high as worries persisted over a slowdown in the global economy after China’s growth eased in the third quarter to its weakest since the 2008/09 financial crisis.
The weakness in Chinese growth, however, was not as bad as feared as the world’s second-largest economy grew 7.3 percent between July and September from a year earlier, above the 7.2 percent forecast by analysts.
SINGAPORE (Reuters) – Gold ticked lower on Monday as strong U.S. economic data allayed fears about a slowdown in the global economy and dimmed the metal’s safe-haven appeal, while supporting equities and the dollar.
Spot gold had slipped $1 to $1,236.60 an ounce by 0306 GMT, easing for a third straight session. The metal, however, has gained nearly 4 percent in the past two weeks and hit a one-month high of $1,249.30 on Wednesday.
SINGAPORE (Reuters) – Gold held steady on Friday and was poised for a second straight week of gains as persistent fears over the health of the world economy took a toll on global equities and the dollar, bringing in safe-haven bids for the metal.
Platinum and palladium were the biggest precious metal gainers of the day, recovering about 2 percent from sharp overnight losses.