Gold analysis
Gold is flashing red in Asia, as stocks are gaining ground, possibly on the back of upbeat China data. At press time, the anti-risk yellow metal is trading at session lows near $1,460, representing a 0.28% decline on the day.
Meanwhile, the futures on the S&P 500 are reporting a 0.30% gain. Japan's benchmark equity index Nikkei is currently up 1.13% and the Shanghai Composite is adding 0.48%. Indices in Australia, New Zealand, South Korea, and Hong Kong are also flashing green.