Gold Advances as Signs of China Slowdown Fuel Demand for Hedge

``Gold capped the biggest gain in almost a month on signs that Chinese manufacturing will slow in May for the first time in seven months, sparking a drop in global equities and increased demand for bullion as a protection of wealth.'' -- of course today, economic news "surprised" to the upside, so the opposite thing happened; but the rally yesterday was so much stronger, it just goes to show how predominantly China influences the gold market.