Gold held a decline as a rebound in U.S. manufacturing and signs of stabilization in China eased concerns about the outlook for global growth.
The U.S. Institute for Supply Management gauge climbed from a two-year low in March, according to data released Monday, while China’s manufacturing purchasing managers index posted the biggest increase since 2012. U.S. equities rallied to the highest since October on Monday, crimping demand for haven assets such as bullion.
Spot gold +0.1% to $1,289.01/oz at 9:59am in Singapore; -0.4% on Monday.
Source : Bloomberg