Gold Rises After Downbeat China Manufacturing Data

Precious-Gold rose on Wednesday after a report showed China’s manufacturing hit a six-and-a-half year low in September. The yellow metal hit a high of $1128.17 an ounce, while it currently trading at $1126.84, after opening at $1123.74. Caixin flash manufacturing PMI in China dropped to 47.0 in September from 47.3 in August, while analysts had estimated a rise to 47.6.

from Energy and Metal Commentaries http://ift.tt/1KAi3kZ