| Gold prices retreated to $1066 per ounce in London on Tuesday, a new 6-year low when first reached mid-November, after briefly spiking $10 higher in Asian trade as new data showed China's manufacturing activity contracting at the worst pace in 3 years. "Strengthen[ing] expectations of [government] stimulus in the world's second-largest economy," according to news-wire reports, the data saw copper and US gasoline lead a rise in traded base metals and energy prices, extending the rebound from last week's multi-year lows.
US and UK equities rose while Eurozone stock markets slipped, but the Euro meantime rallied against the Dollar from near 2015 lows on the FX market as new data showed unemployment across the 19-nation currency zone falling last month to its lowest since 2012 while US manufacturing orders and production shrank on the ISM PMI survey...............................................Full Article: Source
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