Global investors rushed for the gold after mixed results coming from China’s economic data as well as the huge upsurge in jobless claims in America
Gold hits its three-week high in London trading session on Friday. While Spot gold gained 0.4% to $1,735.67 per ounce, having earlier touched its highest since April 23 at $1,737.50, the U.S. gold futures rose 0.3% to $1,746.20.
Global investors rushed for the gold after mixed results coming from China’s economic data as well as the huge upsurge in jobless claims in America. Also, China (second-largest economy in the world) presented a not too good picture of its economic recovery from the COVID-19 pandemic as records showed that China’s industrial production in April increased 3.9% year to year.
Gold hits its three-week high in London trading session on Friday. While Spot gold gained 0.4% to $1,735.67 per ounce, having earlier touched its highest since April 23 at $1,737.50, the U.S. gold futures rose 0.3% to $1,746.20.
Global investors rushed for the gold after mixed results coming from China’s economic data as well as the huge upsurge in jobless claims in America. Also, China (second-largest economy in the world) presented a not too good picture of its economic recovery from the COVID-19 pandemic as records showed that China’s industrial production in April increased 3.9% year to year.