Pandit ji Live Updat’s On Gold; Gold Prices Slip as China Data Boosts Investor Sentiment:

Gold prices slipped on Tuesday in Asia after data suggested China’s manufacturing sector was recovering from a sharp slowdown earlier in the year.

Gold Futures traded on the Comex division of the New York Mercantile Exchange were down 0.3% to $1,290.65 by 12:45 AM ET (04:45 GMT).

China’s Caixin/Markit manufacturing purchasing managers’ index (PMI) rose to 50.8 from 49.9 in February, a private survey on Monday showed. That was the strongest reading in eight months and followed an uptick in the official PMI, which tracks mainly state-owned enterprises.

Global equities traded higher on Monday following the release of the survey, with Chinese stocks surging more than 2.5%.

The safe-haven gold, however, moved in the direction opposite to most commodities as investor sentiment picked up.

“Let us not forget that in 2018, market sentiment flip-flopped back and forth daily between ‘risk-on’ and ‘risk-off’ ideology,” Walter Pehowich, executive vice-president at Dillon Gage Metals in Addison, Texas, said.

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