Tuesday 17 January 2012

SPOT GOLD RISES 1 PCT AS CHINA DATA LIFTS MARKETS | HALALTAMWEEL.COM

SPOT GOLD RISES 1 PCT AS CHINA DATA LIFTS MARKETS

1/17/2012 11:56:56 AM


SINGAPORE:Spot gold climbed about 1 percent on Tuesday, encouraged by revived risk appetite that lifted markets across the board, after China announced better than expected economic growth in the last quarter of 2011.


The world's second-largest economy grew 8.9 percent from a year earlier in the fourth quarter, beating a forecast of 8.7 percent by economists polled by Reuters, although it was the slowest growth in 2-1/2 years.


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