Gold is down slightly in Asia-Pac trade, the...>

GOLD: Gold is down slightly in Asia-Pac trade, the yellow metal last down $0.72

at $1,288.58 but off lows hit earlier in the session at $1,285.53.

- Gold initially dipped as Japanese GDP data came in above, and posted the first

6 quarter run of consecutive growth in 11 years. However a weak tranche of

Chinese data saw a spate of buying which took gold back to unchanged levels.

Fixed Asset investment rose 8.3% while industrial production rose 6.4% against

an expected 7.1% rise.

- Markets seem to have put US/North Korea tensions on the back burner for now,

especially after the US's top General said that the focus was a on a diplomatic

solution with North Korea, though noted that all options were being considered

should they become necessary. 

- MNI technical analysis sees support at $1280.8 high June 14 now support,

resistance is seen at $1291.6 bollinger band top.