Gold gains as disappointing China data bruises Asia stocks

Gold rose on Tuesday as a lacklustre Chinese manufacturing activity data pushed Asian shares down, rekindling concerns about the health of the global economy.

Meanwhile, investors braced for a raft of euro zone data and U.S. Federal Reserve's two-day policy meeting, which begins later in the day.

Spot gold was up 0.2 percent at $1,282.08 per ounce at 0318 GMT. U.S. gold futures were up 0.2 percent at $1,283.90 an ounce.

"There is a broad bearish sentiment across Asia market opening this morning as a very disappointing China manufacturing PMI triggered a sell-off in currencies and emerging markets and equity markets," said Margaret Yang, an analyst with CMC Markets in Singapore.

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