Chinese traders and investors are taking advantage of the recent dip to do some bargain hunting.

FORBES: P.M. Kitco Metals Roundup: Gold Ends Higher on Short Covering, Bargain Hunting; Bears May be Exhausted

Traders and investors worldwide will closely scrutinize a fresh batch of Chinese economic data due for release over the weekend.

FORBES: A.M. Kitco Metals Roundup: Gold Near Steady on Chart Consolidation; Fresh Fundamental Inputs Awaited

Traders and investors will continue to closely monitor U.S., EU and Chinese economic data for early clues on monetary policy actions from the central banks.

FORBES: By Jim Wyckoff Of Kitco News