Gold prices rebounded slightly in Asia on Tuesday mainly on improved
physical demand and shrugging off data from China that suggested further
monetary easing ahead.
China said full year growth rose 7.4% in 2014, the slowest pace in 24 years, but quarterly data beat expectations.
China's fourth quarter GDP rose 7.3%, industrial production gained 7.9% in December and and retail sales increased 11.9%, all beating expectations.
Economists expected the government to report that the economy expanded 7.2% year-on-year in the final three months of last year, down on the third quarter's gain of 7.3%, and the slowest quarterly growth rate since the start of 2009.
Read more Click Here / www.trade4x.net
China said full year growth rose 7.4% in 2014, the slowest pace in 24 years, but quarterly data beat expectations.
China's fourth quarter GDP rose 7.3%, industrial production gained 7.9% in December and and retail sales increased 11.9%, all beating expectations.
Economists expected the government to report that the economy expanded 7.2% year-on-year in the final three months of last year, down on the third quarter's gain of 7.3%, and the slowest quarterly growth rate since the start of 2009.
Read more Click Here / www.trade4x.net
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