China's official PMI rose more than anticipated, up 0.2 from April to 50.8 in May and raising...

China's official PMI rose more than anticipated, up 0.2 from April to 50.8 in May and raising optimism that the world's second-largest economy may be stabilizing. The reading is 0.3 higher than expected. The picture should get rounded out on Monday with the release of the HSBC survey of small and private firms. Related ETFs: FXI, MCHI, GXC, PEK.

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Comments (4)
  • Rseye
    , contributor
    Comments (1212) | Send Message
    Hi ,, when data like this stronger = good or bad for gold ? thanks
    1 Jun 2013, 01:14 AM Reply Like
  • gspriv
    , contributor
    Comments (4) | Send Message
    In the present context, strong data => lower gold price.
    1 Jun 2013, 08:18 AM Reply Like
  • DJ Sandcastle
    , contributor
    Comments (66) | Send Message


    More money in Chinese Gov and Private pockets from stronger economy = more money to buy gold, increasing demand.


    Less need for stimulus (Chinese QE/money printing) = less inflation = less demand for gold.


    Please many more so called "Fundamentals" that one could elaborate on.


    Remember gold price is less dependant on Fundamentals like PMI, QE/inflation than it is on sentiment.


    Follow Avi Gilburt's articles on gold/silver sentiment to get a fuller picture of the topic.
    1 Jun 2013, 02:48 AM Reply Like
  • cdknop
    , contributor
    Comments (7) | Send Message
    Chinese officials were indicating monetary easing was not an option, so positive surprises to economic output are unilaterally RISK POSITIVE.
    1 Jun 2013, 12:15 PM Reply Like
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