Tag

Prices Index

All articles tagged with #prices index

finance2 years ago•2 min saved

U.S. ISM Services PMI Holds Steady, Gold Prices Slightly Up.

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.

via Kitco NEWS|

#economic-growth #finance #gold

finance2 years ago•1 min saved

Gold prices fluctuate amidst mixed economic data.

Gold prices fell below $2,000 an ounce after the U.S. manufacturing sector contracted for the sixth consecutive month in April, according to the Institute for Supply Management (ISM) manufacturing index. The employment index advanced into expansion territory, while the prices index increased to 53.2% from March's figure of 49.2%. The index for new orders rose but remained in contraction territory. Two of the six biggest manufacturing industries registered growth in April.

via Kitco NEWS|

#economic-growth #finance #gold

finance2 years ago•2 min saved

US Manufacturing Sector Continues to Weaken, Gold Price Rises.

Gold prices are near session highs as the US Institute for Supply Management (ISM) reports that activity in the US manufacturing sector slowed more than expected in March, dropping to 46.3%, its lowest point since June 2020. The weaker activity is helping to cool inflation, with the Prices Index dropping to 49.1%. Economists believe that the US is moving closer to a recession, with domestic demand growth set to weaken sharply. June gold futures last traded at $1,983.10 an ounce, up 0.72% on the day.

via Kitco NEWS|

#finance #gold #inflation