Gold slips to 1-week low as global slowdown fears ease

London (April 15)  Gold prices fell to a more than one-week low on Monday, as stronger-than-expected data from China and a robust start to the US earnings season soothed concerns about global economic slowdown, denting the appeal of bullion.

 FUNDAMENTALS

Spot gold eased 0.1 per cent to $1,288.85 per ounce as of 0109 GMT, having hit its lowest since April 5 at $1,288.40 earlier in the session.

US gold futures shed about 0.2 per cent at $1,292.20 an ounce.

Reuters

 

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