Metals Stocks: Gold futures slip from a one-week high though downside limited by downbeat stock tone

Gold futures slipped Monday from the roughly one-week high hit in the previous session as stock-market stability, even with futures markets pointing south, cutting demand for the haven metal ahead of a busy week for Federal Reserve policy and key U.S. jobs data.

Monday data showing that profits at Chinese industrial firms grew for the first time in four months set a relatively upbeat tone for riskier global stock markets, nicking precious metals prices, although gold’s losses were limited as U.S. stocks looked like they might not take cues from their global counterparts.

“Since quite some time it’s been a risk friendly market, with equities on the rise.

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