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Markets Print edition: 2019-11-15

Gold gains in Asia

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By BR Web DeskRecorder Report

Gold prices inched up on Thursday as Asian equities turned lower after weaker-than-expected economic data out of China weighed on risk appetite, boosting demand for safe-haven assets.

Spot gold was up 0.2% at $1,466.51 per ounce, as of 0752 GMT, while US gold futures rose 0.3% at $1,467.10 per ounce.

"Gold is being supported as the Chinese industrial production and retail sales came way below expectations," OANDA analyst Jeffrey Halley said.

"Another deterioration in Hong Kong this week will further support gold, but it's really all about this ongoing trade talks, which is becoming like a broken record."

Copyright Reuters, 2019

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