Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
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Gold gains as weak economic data hints at global slowdown
Gold prices rose on Tuesday buoyed by a safe-haven sentiment emanating from weak global manufacturing data that hinted at an economic slowdown, a day after the metal declined more than 1% on expectations of a U.S.-China trade truce. FUNDAMENTALS * Spot gold was up 0.4% at $1,389.49 per ounce at 0111 GMT. * Prices fell about 1.8% on Monday, its biggest one-day percentage decline since November 2016. They had touched a more than one-week low of $1,381.51 per ounce. * U.S. gold futures were up 0.2% at $1,391.70 an ounce. * Factory activity shrank across much of Europe and Asia in June while growth in manufacturing ... (full story)
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Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
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