Salient to Investors:
China’s manufacturing expanded for the first time since July, signaling that the slowdown is easing and curbing the need for additional stimulus.
Alexandra Knight at National Australia Bank said investors probably were a bit too optimistic to central bank announcements for further stimulus we’re starting to see an unwinding of that.
Holdings in gold-backed exchange-traded products expanded to a record yesterday.
Read the full article at http://www.bloomberg.com/news/2012-11-01/gold-set-to-drop-as-china-manufacturing-boosts-economic-outlook.html