Gold Up With Investors Digesting Mixed Chinese Data…LIVE NEWS UPDATE BY ROYAL TRADERS

LIVE NEWS !!! 

Gold was up on Friday morning in Asia after hitting a three-week high in the previous session.

Gold futures were up 0.02% to $1,741.25 by 12:10M ET (5:10 AM GMT), continuing their gains after hitting $1,735.96 during the previous session.

Investors turned to the yellow metal after digesting mixed Chinese industrial production and retail sales data, as well as Thursday’s U.S. jobless claims data.

Meanwhile, China presented a mixed picture of its recovery from the COVID-19 virus as its said that industrial production in April increased 3.9% year-on-year, higher than the 1.5% predicted by analyst forecasts prepared by Investing.com.

But it also said that retail sales in the same month slid 7.5% year-on-year, against analyst forecasts of a 7% drop.

Meanwhile, the U.S. said that 2.981 Americans lost their jobs over the past week, Although the number has been declining over a six-week period, over 36 mi

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