Gold News & Info

Source:Bill Musgrave, American Gold Exchange

AustinGold slipped 0.3% to hold above $1,294 after upbeat economic data from China and the US spurred a rally in global stocks, dulling demand for safe-haven assets.

The private Caixin China PMI index for manufacturing rebounded into expansion in February after four straight months of contraction, closely tracking the official government PMI released last week. The reports helped to alleviate worries that the world's second largest economy is heading for a hard landing.

US manufacturing data also rebounded, with the ISM index beating expectations in March despite the headwinds of tariffs and slowing global growth. The Dow and Global Dow both added around 1.2% on the upbeat data.

The other precious metals were mixed, with silver edging down 0.1% while platinum and palladium added .01% and 3.7%, respectively.

At the Comex close: June gold slid $4.30 to $1,294.20; May silver dipped a penny to $15.10; July platinum picked up $1.20 to $855.30; and June palladium jumped $50 to $1,391.80 an ounce.