Gold ends with weekly gains on China's economy concerns, fund flows
The metal gained upward traction on new year fund inflows and concerns about the Chinese economy as China’s manufacturing PMI disappointed. It peaked at $2665 on better-than-expected US ISM manufacturing PMI.
The metal closed with a loss of 0.71% at $2640 on Friday; it was up nearly 0.80% on the week, though.
Data roundup
The US ISM manufacturing PMI, released on Friday, rose to a nine-month high of 49.3 in December, from 48.4 in November, and topped the estimate of 48.20.
Barring the US PMI data, global manufacturing PMIs (December) were largely disappointing as China's Caixin manufacturing PMI was noted at 50.5 (forecast 51.7) and NBS manufacturing fell short of forecast, too; Euro-zone's manufacturing PMI came in at 45.1 (forecast 45.20); and the UK's manufacturing PMI at 47 fell short of the estimate of 47.30.
Stock Trading
Masterclass on Value Investing and Company Valuation
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Markets 102: Mastering Sentiment Indicators for
