Gold rose about 1.5 percent on
F riday, boosted by sharp rallies in equities and commodities
after data showed that China's economic growth, though slower,
was stronger than some had expected.
Friday's rally was the largest one-day gain in three weeks,
and it lifted th e precious metal t o a weekly gain from the loss
China's growth rate slowed for a sixth successive quarter to
its weakest pace in more than three years, but some economists
had anticipated worse because of signs of a slowdown in the
United States and Europe.
Bullion, which has been particularly sensitive to central
banks' monetary policies, also benefited from perceptions that
the Chinese GDP data could open the door for further easing.
Key Sectors Turn QE Index Green
The QE Index continued pacing its way higher throughout the day to close its trading in the green territory at 9,085.9 on Wednesday 22nd May 2013, achieving 0.54 percent or 48.95 points for the sessi
ADX Index Dips but Volume Improves
The ADX General Index spending most of the session below the break – even line closed in the red at 3,503.38 points on Wednesday 22nd May 2013. The index trimmed 6.26 points or 0.18 percent for the e