{"id":77287,"date":"2015-08-24T01:46:10","date_gmt":"2015-08-24T05:46:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=77287"},"modified":"2015-08-24T07:19:40","modified_gmt":"2015-08-24T11:19:40","slug":"gold-rallies-as-china-fears-fuel-safe-haven-flows","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/gold-rallies-as-china-fears-fuel-safe-haven-flows\/","title":{"rendered":"Gold rallies as China fears fuel safe haven flows"},"content":{"rendered":"<div id=\"inves-1134186713\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 24, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Worries about a slowing Chinese economy, and in turn global growth, flared up last Friday after a survey showed a further deterioration in China\u2019s manufacturing activity. There was a steep drop in the Chinese share market, which fell more than 7 percent on Monday.<\/p>\n<p>Gold rose near its highest level in almost seven weeks on Monday these concerns over China led to safe haven flows into the precious metal.<\/p>\n<p>Gold benefitted from market fears and is on track rally to $1,200 an ounce, a level last seen in June.<\/p>\n<p>Spot gold traded at $1,160.80 an ounce by 0236 GMT, after touching a high of $1,165.11 in early trading.<\/p>\n<p>Gold rose to as much as $1,168.40 on Friday, its highest since July 7. It gained more than 4 percent last week, the most since mid-January.<\/p><div id=\"inves-3182523838\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Fears of a China-led global economic slowdown drove Wall Street to its steepest one-day drop in nearly four years on Friday, amid continued weakness in the Chinese manufacturing sector and its stock markets.<\/p>\n<p>China\u2019s major stock indexes collapsed more than 7 percent on Monday, with traders saying market disappointment over the lack of a liquidity move by the central bank during the weekend triggered a fresh selloff. Japanese equities fell over 3 percent.<\/p>\n<p>That worry is spurring appetite for gold, which has now rebounded nearly 8 percent from a 5-1\/2-year low of $1,077 reached in late July.<\/p>\n<p>U.S. gold for December delivery was flat at $1,160.30 an ounce.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Worries about a slowing Chinese economy, and in turn global growth, flared up last Friday after a survey showed a further deterioration in China\u2019s manufacturing activity. There was a steep drop in the Chinese share market, which fell more than 7 percent on Monday. Gold rose near its highest level in almost [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-77287","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=77287"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77287\/revisions"}],"predecessor-version":[{"id":77300,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77287\/revisions\/77300"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=77287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=77287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=77287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}