Gold prices declined in heavy volume worse than expected Chinese economic data clobbered commodity

BRANDON, Fla. - April 16, 2013 - PRLog -- April 15, 2013 — Gold prices were hammered on Monday after the Chinese government released weaker than expected Gross Domestic Product data.  According to officials, Chinese GDP climbed by 7.7% in the first quarter on a year over year basis, compared to expectations that it would climb by 8%.

A recent article published in Wealth Advisor Club (http://thewealthadvisorsclub.com/gold/1120/gold-loses-its-luster.php/) suggests that the combination of weaker than expected GDP and Industrial production was the nail in the coffin for the yellow metal, which declined more than $100 dollar per ounce or nearly 10%.

According to the article, the Chinese data was soft in all areas with the exception of Retail Sales which came in slightly better than expectations at 12.5%.

Later in the week, the Chinese government released inflation data that was better than expected which should allow the Peoples Bank of China to alter monetary policy creating a more accommodative capital markets environment.

For more information visit

http://thewealthadvisorsclub.com/gold/1120/gold-loses-its...