Gold price climbs as U.S. manufacturing sector disappoints in June gold economy manufacturing
The gold market jumped to new daily highs after the U.S. manufacturing sector contracted for the eighth consecutive month in June.
Readings above 50% in such diffusion indexes signify economic growth and vice-versa. The farther an indicator is above or below 50%, the greater or smaller the rate of change. April marked the sixth consecutive monthly contraction. The employment index fell into contraction territory, down 3.3 percentage points to 48.1% in June, which is what gold reacted to. This comes ahead of the highly anticipated June nonfarm employment report to be released Friday.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold market analysis for July 3 - key intra-day price entry levels for active traders
Read more »
Gold price weaker amid firmer USDX, uptick in U.S. bond yieldsSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »
Qatar beats Mexico and both nations advance to CONCACAF Gold Cup quarterfinals | TSNQatar advanced to the quarterfinals of the CONCACAF Gold Cup with a 1-0 win Sunday night over a Mexican team that already clinched advancement.
Read more »
Cariboo court docket: June 22-28, 2023Sentences for offences committed in Quesnel, Williams Lake, 100 Mile House and areas
Read more »
Where are the stops? Monday, July 3, gold and silverKitco's Jim Wyckoff's buy and sell stop data give investors an idea of some of the key levels to watch during the daily trading session. Investors could see big moves in gold and silver if these daily levels are breached.
Read more »