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- Gold rise declines but remains near 3-month high
Gold rise declines but remains near 3-month high
Gold price fell but remained near 3-month high. Gold price rose on Monday, supported by the weak Chinese manufacturing PMI data. The Chinese manufacturing PMI fell to 49.4 in January from 49.7 in December, according to the Chinese government on Monday. It was the lowest reading since August 2012. Analysts had expected the index to decline to 49.6.
The Chinese Markit/Caixin manufacturing PMI rose to 48.4 in January from 48.2 in December. The increase was driven by a softer drop in new orders.
April futures for gold on the COMEX today decreased to 1123.70 dollars per ounce.
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