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Gold Prices Gain on Weak China PMI Data
Gold prices gained on Tuesday in Asia on the back of weaker-than-expected China PMI data for the month of April.
Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.3% at $1,285.75 per ounce by 1:30 AM ET (05:30 GMT).
The official manufacturing PMI and the Caixin PMI for the April period both came lower than expected.
Asian stocks fell on Tuesday following the release of the China data, although the Shanghai Composite and the SZSE Component traded higher.
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