South Korea Industrial Output Growth below forecasts (0.7%) in November: Actual (0.4%)

Gold price remains defensive around $1,805, after printing the first daily negative closing in three, as bears struggle to retake control amid the lackluster holiday season. In doing so, the yellow metal portrays the market’s fresh fears of inflation, emanating from China, as well as geopolitical tension surrounding Russia and Ukraine, which in turn propel US Treasury bond yields and the US Dollar.