Gold appreciates on a positive China's outlook

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Source: Bloomberg
Spot gold price was higher by 0.2% to $1,660.85 an ounce in Asian trading hours on Thursday. Gold reverses previous losses, as China announced better than expected exports data, indicating a positive outlook for the second biggest world's economy and that demand for commodities will remains robust. Chinese exports increased by 14.1%, tripling a 5% economists' prediction.
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Chinese equity appreciates on better than expected exports data

The Shanghai Composite Index was higher by 0.4% to 2,283.66 points in the end of Asian trading session on Thursday. The index was lower by 0.3% at the lowest point in today's trading hours, but exports data beat economists' consensus and the market sharply appreciated. Positive data overshadowed concern that equities are overbought, as valuations are in a seven-month high.

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