Gold Prices Ended Marginally Lower By 0.11 Percent

On Monday, spot gold prices ended marginally lower by 0.11 percent to close at $1462.3 per ounce. Robust factory data from China amid increasing demand for the U.S. Dollar weighed on the yellow metal prices.

The downfall in Gold prices was limited as U. S. factory activity contracted for a fourth straight month in November’19 after new orders dipped to their lowest level since 2012. 

Moreover, even the construction spend in U.S. dipped in October’19 which further raised concerns about weakness in the world’s biggest economy which in turn supported the yellow metal prices.

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