Gold prices rose Monday morning, edging away from December’s 6-year lows as big losses for equities boosted bullion’s safe haven appeal.
China’s stock trading was halted after a significant fall, while Dow futures plunged 300 points on Wall Street.
China’s manufacturing sector continued to contract in December on weak orders and a renewed fall in output, highlighting fears about the global economy.
Looking to the U.S. economic calendar, Markit is set to release its final U.S. manufacturing PMI data for December at 9:45 am ET.
The Institute for Supply Management is due to release the results of its national manufacturing survey for December at 10 am ET.
The spotlight later this week will be on the Labor Department’s monthly non-farm payrolls data for December, due on Friday.
The material has been provided by InstaForex Company – www.instaforex.com