(MENAFN- ProactiveInvestors)
Gold pricing wavered back into negative territory overnight as weak economic data from China prompted expectations of new stimulus measures in the country which would increase appetite for stocks.
The precious metal lost 0.4% to US1086.50 an ounce after China’s 6.8% growth rate for the fourth quarter confirmed a 6.9% growth rate for the whole of 2015 – the slowest pace for the country in 25 years.
Momentum for gold has also been curbed by weaker physical demand from China and India.
The price of silver however continued to strengthen with a 0.9% bounce to US$14.02 an ounce.
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