Gold Struggles as S&P PMI Shows Health Activity in Manufacturing Services Sectors
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The US services sector's activity slowed down in October, showing a slightly lower final figure than the Eve estimates.
(Teleborsa) - Accelerates manufacturing activity in the USA, while slowing down service activity. In October, the flash estimate on the SME Manufacturing Index developed by S&P Global indicates a level of...
Gold struggles as S&P PMI shows health activity in Manufacturing Services sectors
(Kitco News) - The gold market continues to hold support around $4,000 an ounce, but it could face further headwinds as relatively stable activity in both the manufacturing and services sectors reduces safe-haven demand for the precious metal.S&P Global reported on Friday that its flash Composite Purchasing Managers Index (PMI) fell to 57.6 in October, down from September’s reading of 58.4.“US business activity growth slowed in October but remai…
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