Gold futures rise after China's exports weak
Gold futures on the COMEX division of the New York Mercantile Exchange gained on Monday (Tuesday morning GMT ) , after Chinese economic data was weaker than expected .
The most active gold contract for April delivery rose 3.3 dollars, or 0.25 percent, to close at 1341.5 U.S. dollars per ounce .
China's General Customs Agency on Saturday ( 8/3 ) said the country's exports in February unexpectedly dropped 18.1 percent from a year earlier , leaving a trade deficit of 22.98 billion U.S. dollars for the month.
The data adds to gloomy investor concerns about growth in China , one of the country 's largest gold consumer , although the Lunar New Year holidays blamed for the decline in exports .
Analysts linked the rise in the gold market this year with extreme weather , drought , the crisis in Ukraine and cheap valuation of assets " safe haven " .
Silver for May delivery lost 1.8 cents, or 0.09 per cent to close at 20.91 U.S. dollars per ounce , while platinum for April delivery dipped 6.4 dollars, or 0.43 percent, to close at 1477.2 U.S. dollars per ounce , according to Xinh
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