Gold gains due to increased demand and despite China's data

Source: Investing.com
© Scanpix/Reuters
In Asia prices for gold slightly gained on Tuesday amid higher demand and ignoring China's data released. China's data beat all expectations, with GDP for the fourth quarter rising 7.3%, last month's industrial production adding 7.9% and retail sales edging up 11.9%. Futures for February gained 0.09% to $1,278.10 per troy ounce, after a slight decline on Monday, but with prices still remaining at a four-month high. Investors are still waiting for the ECB meeting this week and expecting a bond-buying program to be launched.


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