WTI gains ground above $79.20 amid rising demand optimism in China fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
China's exports posted a surprise growth in November, which was largely due to the low base of comparison, while imports dropped unexpectedly suggesting that overall trade remains sluggish.
Gold prices went lower again on Monday, declining 0.75% into $1,977 as US Treasury yields stepped higher once more, pushing the XAU/USD back down after losing the $2,000 handle last Friday.
China's exports declined at a slower pace in August as the weaker yuan made shipments more competitive and imports decreased less than expected on improving commodity demand, official data revealed on Thursday.