Gold prices have changed little as growth data in China matches Investing.com's expectations

Investing.com – Gold prices were little changed Monday in Asia after data show that China's growth for the second quarter slowed to its lowest level in 27 years but met expectations.

for the August delivery, transactions on the Comex division of the New York Mercantile Exchange were little changed at 1 413.35 USD at 12:43 ET (04:43 GMT).

The shelter asset prices have changed little after the publication of a series of data on China this morning.

According to data from the Bureau of Statistics released Monday, the country slowed to 6.2% year on year between April and June. This figure was in line with expectations but lower than the 6.4% growth recorded in the first quarter.

At the same time, the country's forecasts and all the numbers are better.

Chinese stocks received a boost after the release of the data, but gold prices have been little impacted today.

The price of gold has risen from $ 1,200 to $ 1,400 in the last two months, while it was expected a reduction in interest rates that would likely weaken the dollar and strengthen the price of gold. yellow metal.

On the data front, total inflation at the doors of factories rose 1.7% from the previous year in June, outpacing expectations of a larger drop to 1.6%, Friday said. reports.

Meanwhile, tensions between China and the United States seem to have eased somewhat as Reuters announced that the United States could license companies to allow them to boost sales to China's Huawei telecommunications equipment manufacturer in only a few months. two weeks.

US President Donald Trump and Chinese leader Xi Jinping met last month in Japan and promised to resume trade talks.