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Investing.com – The price of gold rose Monday in Asia, despite stronger US employment data than expected, which showed that employment was up slightly by compared to its 17-month low.
Trading on the Comex division of the New York Mercantile Exchange rose 0.4% to $ 1,300.55 at 12:20 pm ET (04:20 GMT).
Gold prices began to fall in April after China's Caixin index suggested that the country's manufacturing sector was recovering from a sharp slowdown.
Meanwhile, reports that Washington and Beijing have resolved most of the issues raised in their longstanding trade dispute have raised Asian market shares. The gold shelter, which generally moves in the opposite direction to risky badets, also rose despite the news.
The two sides would always be fighting for ways to enforce and enforce a trade agreement. CCTV, a Chinese television chief, told CBS that the two sides are "growing closer" on a trade deal, CBS said Sunday that the talks ended Friday in Washington.
In another news, Bloomberg reported Monday that China had increased its gold reserves for the fourth consecutive month.
Citing data published on the People's Bank of China's website, the article says the central bank increased its reserves to 60.62 million ounces in March from 60.26 million a month earlier.
China is both the largest producer and consumer of gold in the world.
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