Two important pieces of data out this morning are making traders scratch their heads. First, China’s industrial production figure disappointed, coming in at just 5% increase year-on-year. This is the lowest reading in 17 years, and market analysts are flooding the news feeds with stories talking about a world economic slowdown.
You would expect this to have a positive impact on gold prices, and it did, sending gold above 1350 in overnight trading.
Second… Continue reading at StockNews.com