2 Surprising Pieces of Gold Data That Just Came Out

gold coins, gold chart
Written by Mike Hammer

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

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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