Insignia Consultants | Gold rises after China data boosts yuan against dollar
Gold rises after China data boosts yuan against dollar
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Sept 15 (Reuters) - Gold prices gained on Friday as the dollar eased against the yuan after promising China economic data boosted recovery hopes in the world's top bullion consumer, although the possibility of further U.S. interest rate hikes kept investors on edge.
Spot gold was up 0.3% at $1,915.09 per ounce by 0320 GMT. Bullion was still on track for a small weekly decline after dropping to near $1,900 level, its lowest since Aug. 23, on Thursday. U.S. gold futures were up 0.2% to $1,936.70.
