please contact sales@tanchin.hk for any inquiry
Gold prices rose on Tuesday as fears of a slowdown in global economic growth prompted investors to seek hedge, but the dollar held near weeks'highs, holding back gold's gains.
Spot gold rose 0.4% to $1,284.54 an ounce at 1845 GMT, rebounding after touching a low of $1,276.31 since December 28.
U.S. futures closed up 0.1% at $1,283.4 an ounce.
"There are some hedging bids and the stock market is currently down, but the fact that the dollar is stronger has inhibited gold price gains," said Bob Haberkorn, senior market strategist at RJO Futures.
Risk sentiment was hurt after the International Monetary Fund (IMF) on Monday expressed concern about the worsening global economic outlook after Chinese data showed that China's economic growth last year was the slowest in nearly 30 years, dragging down global stock markets.
The IMF expects the global economy to grow by 3.5% this year and 3.6% next year, 0.2 percentage points and 0.1 percentage points lower than last October's forecast.
The news triggered a stronger dollar, keeping the dollar near its three-week high earlier, making gold more expensive for investors holding other currencies.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

NU340-E-M1 NU338-E-M1 NU336-E-M1 NU334-E-M1 NU332-E-M1 NU330-E-M1 NU328-E-TVP2 NU326-E-TVP2 NU324-E-TVP2 NU322-E-TVP2 NU320-E-TVP2 NU319-E-TVP2 NU318-E-TVP2 NU317-E-TVP2 NU316-E-TVP2 NU315-E-TVP2 NU314-E-TVP2 NU313-E-TVP2 NU312-E-TVP2 NU311-E-TVP2