Stocks in China were lower ahead of official manufacturing data due out this weekend.
The Asia rally followed stronger manufacturing data from the U.K., European Union and U.S. on Wednesday.
Shares fell on Monday on weak manufacturing data and political concerns in France and the Netherlands.
There was weaker-than-expected manufacturing data coming out of China Tuesday that was bearish for the precious metals.
Silver prices sank further into bear-market territory, and weak global manufacturing data stoked fears of more falls.
Since then, key indicators like employment, manufacturing data and consumer sentiment have continued on a downward trajectory.
The market place got a mildly bearish read on fresh manufacturing data coming out of China Friday.
FORBES: A.M. Kitco Metals Roundup: Gold Sees Upside Bounce on Short Covering, Bargain Hunting
Stocks in China were lower as the market remained cautious ahead of official manufacturing data out this weekend.
Chinese markets bucked the regional declines, rising ahead of Thursday's release of China's preliminary manufacturing data for March.
European stock markets traded firmer overnight, supported by some upbeat manufacturing data coming out of the European Union.
On Thursday, there will be key manufacturing data out of China released, which will also garner close market attention.
FORBES: A.M. Kitco Metals Roundup: Gold Weaker On Corrective Pullback From Late Rally Monday
The weak China manufacturing data and the yen's rebound hit exporters in Tokyo.
In the U.S this week housing and manufacturing data will take center stage.
In Europe, there was some better-than-expected euro zone manufacturing data issued Monday, which helped to lift European stock markets.
However, there was more weak manufacturing data coming out of the EU Friday.
The number complemented negative manufacturing data from Europe and Asia that led to negative sentiment across the Old Continent.
FORBES: Stocks Zigzag On Strong, Yet Slowing, Manufacturing Data
Negatives to the report included a drop in the manufacturing data, they said.
The manufacturing data out of China and Europe were all stronger than expected.
FORBES: Stocks Ready To Ring In 2012 With Solid Gains As Iowa Votes
Asian markets were broadly higher on the back of strong Chinese manufacturing data and further weakness in the yen.
Copper and oil prices were lower and mining stocks slumped, with the decline reinforced by disappointing manufacturing data from China.
Chinese manufacturing data for March showed a preliminary PMI reading of 51.7 versus the final reading of 50.4 in February.
FORBES: A.M. Kitco Metals Roundup: Gold Near Steady as Bulls Gain More Confidence
On top of all this is more weak Chinese manufacturing data overnight that prompted Asian stock markets to sell off.
The blue-chip benchmark retreated in previous sessions amid weak job-market and manufacturing data, closing at a current-year low on Monday.
Overnight cues put most markets on the back foot early Friday weaker-than-expected manufacturing data from Germany and France were in focus.
There was some slightly better news from China, as their manufacturing data suggested that their economy might have bottomed this month.
FORBES: The Week Ahead: The Market Doesn't Need Another Storm
On top of all this was more weak Chinese manufacturing data announced Friday that prompted Asian stock markets to sell off.
The most recent indication that investors may have reason to seek safe haven emerged in the manufacturing data reports this week.
FORBES: Treasury Yields At Year Lows As Skittish Investors Take Comfort In Uncle Sam
The next major data point scheduled to come out in Asia is China's preliminary manufacturing data for March, out on Thursday.
There was some more weak Chinese manufacturing data released overnight that did add a slight negative tone to the commodity markets.
FORBES: Comex Gold Near Steady in Thin Trading; U.S. Data Awaited
Still the economic path of Europe does not offer anyone much hope that manufacturing data in March will book a substantial improvement.
应用推荐