Gold prices fell on Thursday in Asia even after China reported weaker-than-expected industrial output data. for April delivery were down 0.5%, at $1,303.35 per ounce on the Comex division of the New York Mercantile Exchange by 1:11 AM ET (05:11 GMT). The precious metal remained above the key $1,300 level after hitting a near two-week peak of $1,309.60 on Wednesday.China’s grew at the slowest pace in 17 years for the first two months in 2019. Factory output rose 5.3% year-on-year in January and February, the National Bureau of Statistics (NBS) reported on Thursday, the lowest since 2002.The data sent Chinese stocks lower, but prices of the safe-haven gold were little impacted.In the U.K., lawmakers will vote later today on whether to seek an extension to Article 50 after they rejected the idea of leaving the European Union (EU) without a Brexit deal.
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