WASHINGTON (dpa-AFX) - Gold prices nudged higher Tuesday morning amid risk aversion as global stocks looked set to start September with further declines.
Weak Chinese factory data and concerns about a possible interest rate hike in the U.S. have rattled investors.
U.S. gold for December was up 10 dollars at $1142 an ounce, after gaining 3.6 percent in August.
Concerns about China continued to weigh on equities this morning. China's official manufacturing purchasing managers index for August fell to 49.7, from 50.0 in July, its lowest level since August 2012.
Markit is due to release the final results of its U.S. manufacturing PMI for August at 9:45 am ET. The consensus estimate calls for a reading of 53 for the month, down from 53.8 in July but up from the mid-month reading of 52.9.
Copyright RTT News/dpa-AFX