Gold Prices Little Changed as China Growth Data Matches Expectations:By www.smartmcxtrades.com

Gold Prices Little Changed as China Growth Data Matches Expectations:

 

Gold prices were little changed on Monday in Asia after data showed China’s second-quarter growth data slowed to a 27-year low but matched expectations.

Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange were little changed at $1,413.35 by 12:43 AM ET (04:43 GMT).

The prices of the safe-haven asset was little changed after the release of a slew of China data this morning.

The country’s GDP growth slowed to 6.2% year-on-year in the April-June period, data from the statistics bureau showed on Monday. The figure was in line with expectations but lower than first quarter’s 6.4% year-on-year growth.

Meanwhile, the country’s industrial manufacturing, retail sales and fixed-asset investment figure all beat forecasts.

 

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