Gold touches 2019 low as China data lifts risk assets

US Gold futures dipped 0.2 per cent lower to $1,274.50 an ounce

Gold prices on Thursday touched their lowest this year, and were on course for a fourth straight weekly decline, as recent economic data drove investors towards riskier assets, with traders eyeing clues to gauge the health of global economy.

Spot gold was down 0.1 per cent at $1,272.33 per ounce, as of 0147 GMT, having touched $1,271.71 earlier in the session, its lowest since Dec. 27, 2018.

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Posted in: Indian Market Tips