| Gold Bullion retreated twice from a 3-session high of $1220 per ounce on Wednesday, dropping back but holding firmer than world stock markets as new data again showed manufacturing activity contracting in China and slowing in Germany.
The May manufacturing PMI survey from news outlet Caixin and data agency Markit said activity contracted for the 15th month running, contrasting with a pop to unchanged on the government's official NBS index. "Has gold's $100 drop [from start-May] been enough?" asks London bullion and futures brokerage Marex Spectron's David Govett in a note. "Personally I think it has...............................................Full Article: Source
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