Gold dips after China reports growth in GDP

Gold dips after China reports growth in GDP

China’s unexpected GDP rise at a time when the world is battling pandemic coronavirus spread by the communist nation has led gold prices to extend its dip. The rate of yellow metal went down in the early trades on Monday.

Also, the growing expectations of stimulus package ahead of the elections in the US is pushing the price of yellow metal downwards.

Gold futures went down to $1,904.30, loss of 0.11 per cent at 4:29 AM GMT. Although, it maintained above the legitimate $1900 mark.

The data released a day before had showcased a 4.9 per cent of growth in the GDP of China.

FAQs

Leave a Reply

Your email address will not be published. Required fields are marked *