Yesterday Gold lost 5.35% and settled at $1,921.65 per ounce, marking its most significant drop in seven years.
Asia and Australia
The Asian markets were up yesterday, as the Chinese National Bureau of Statistics reported that the consumer price index gained 2.7%. HongKong45 jumped by 2.24%.
Japan225 rose 1.88%.
Australia200 rose 1%.
USD/JPY gained 0.22% to 106.19.
European markets were moved by the positive data received from China. From the investors' point of view, a steady economic recovery is in sight. Europe50 rose 1.6%.
UK100 climbed 1.8% even though in three months, 220,000 people lost their jobs due to the pandemic. It is the most significant quarterly drop since 2009.
Germany30 gained 2.04%.
EUR/USD added 0.22% to 1.1762.
EUR/GBP was up 0.13% to 0.8989.
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Sources: reuters.com, investing.com