Sluggish Chinese PMI Drives Gold up in Asian Markets

Reuters reported that sluggish Chinese PMI data dragged the equities markets down on Thursday, giving gold a push.

As quoted in the market report:

Spot gold rose 0.5 percent to $1,375.16 an ounce by 0644 GMT. It hit a low of $1,356.24 earlier in the session, not far from a two-year trough of $1,321.35 plumbed in April.

To view the whole Reuters report, click here.