14 March, 2019
Gold prices retreated on Thursday even after China reported weaker-than-expected industrial output data and doubts began to appear regarding when and if an agreement between the US and China will be made on trade. China’s industrial output grew at the slowest pace in 17 years for the first two months in 2019. Factory output rose 5.3% year-on-year in January and February, the National Bureau of Statistics (NBS) reported on Thursday, the lowest since 2002. The US dollar traded higher against a basket of other currencies which accounted for much of the pressure upon the precious metal. Gold is calculated in dollars, and a stronger dollar makes Gold cheaper for holders of foreign currency.