Gold price in the US dollar briefly dropped to a 7-week low below $1900 with strong US retail sales, while the gold premium in China rose to 10-month highs, as Beijing’s surprise rate cut deepened concerns over the health of the world second largest economy
Gold prices reversed most of Friday’s gain on Monday, while markets remain ‘sceptical’ about the upside potential as gold ETFs continue to liquidate and net bullish bets on futures and options declined