Gold Price Up On More Safe-Haven And Technical Buying

February 1, 2016

New York (Feb 1)  Gold prices Are moderately higher to start the trading week, on more safe-haven and chart-based buying Interest. There was more downbeat economic data coming out of China Monday. The January official China manufacturing purchasing managers index (PMI) was reported at 49.4 versus 49.7 in December, for the sixth month in a row of a lower reading than the previous month.

Spot silber was down 2 cents at $14.30, while platinum edged upward $2 to $873 and palladium rose $1 to $501 in light trading.

Source: KitcoNews

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