| Comex gold futures were higher on Thursday as equities took a hit from weak Chinese factory data and resulted in haven buying for bullion. Bullion had come under pressure earlier in the session as the dollar jumped to its highest in nearly three weeks before giving back some gains on expectations the Federal Reserve would hike US interest rates this year.
But a sell-off in equities due to concerns over the Chinese economy provided support for gold in the Asian session. Gold’s outlook, however, continues to be mixed due to a looming US interest rate hike. The Fed continued its accommodative stance on interest rates last week but the US central bank has also said it would move to increase rates later this year...............................................Full Article: Source
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