Gold Soars Close to 1700

Early morning the Chinese industrial production, retail sales and GDP data all turned out to be higher and supported optimism in riskier assets including base metals. The Asian equities have braced the positive news supported by better US equities performance yesterday. Precious metals prices climbed to one month high yesterday as a weak reading on Philly Fed manufacturing underlined the view that U.S. growth may not be robust enough for the Federal Reserve to pull back on its accommodative monetary policy.Continue Reading ...