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Gold fell 1290 mark the end of six Yang

,
the gold market topped 300 / ounce,
the highest reach 302 / ounce,
but after profit taking sell-off,
the dollar rebounded,
the price of gold fell below 290 / ounce mark.
On the fundamentals,
China's announcement of weak PMI data for April's new manufacturing sector has sparked renewed fears about global growth,
which has pushed prices higher.
But Fed officials are hawkish remarks published Tuesday,
Atlanta Fed President Lockhart in the United States Florida speech said that the market may underestimate the probability of a rate hike in June; the Cleveland Fed President Meister said on Tuesday that there is evidence that QE is not restricted.
Driven by hawkish rhetoric,
the dollar rallied,
thus depressing the gold market.
Overall,
though,
the steep inflow of gold ETF suggests that m

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