TeleTrade - Analytics

TeleTrade

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19.01.2016 06:23 Gold steadied

Gold is currently at $1,088.60 (-0.19%) amid contradicting factors. Concerns over China's economy support the safe-haven metal, while the dollar's long-term up-trend keeps a lid on its gains. This morning the National Bureau of Statistics reported that economic growth slowed to 6.8% in the fourth quarter of 2015. Meanwhile the economy expanded by 6.9% over 2015, marking the weakest result since 1990.

Physical demand was sluggish as buyers from one of the major consumers China cut spending amid slowing economy.



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