U.S. ISM Services PMI Holds Steady, Gold Prices Slightly Up.
TL;DR Summary
Gold prices remain above $2,000 an ounce despite healthy economic growth, as the Institute for Supply Management (ISM) reports that its Services Purchasing Managers Index came in at 51.9% last month, roughly unchanged from March's reading at 51.8. The gold market is not seeing much reaction to the latest economic data as it attracts modest bullish attention. Meanwhile, inflation pressures continue to hold at elevated levels, with the Prices Index coming in at 59.6%, up slightly from March's reading.
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