Gold gains as weak China data weigh on risk appetite

Gold prices inched up on Thursday as Asian equities turned lower after weaker-than-expected economic data out of China weighed on risk appetite, boosting demand for safe-haven assets.

Spot gold was up 0.1 per cent at $1,464.31 per ounce, as of 0401 GMT, while US gold futures rose 0.1 per cent to $1,464.80 per ounce.

Asian stocks fell after China’s industrial output grew significantly slower than expected in October, as weakness in global and domestic demand and the drawn-out Si ..

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