Gold prices eased on Monday as stock markets rallied after upbeat Chinese econom...
- Gold prices eased on Monday as stock markets rallied after upbeat Chinese economic data soothed some concerns about the global economy and boosted risk appetite, although losses were limited by a sliding dollar.
Global stocks surged on strong Chinese factory activity data and signs of progress in U.S.-China trade negotiations. Gold has gained more than 11 percent since touching its lowest in some 1-1/2 years last August, on a dovish U.S. Federal Reserve and global growth concerns.Global demand for gold in 2019 will rise to the highest in four years, as higher consumption by jewellers offsets a fall in purchases by central banks, an industry report said on Monday.
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