(Kitco News) - Gold prices remained near session lows after the latest data on the U.S. manufacturing sector showed it improved, but it still contracted for the tenth consecutive month.
The Institute for Supply Management manufacturing index came in at 47.6% for August, after posting a 46.4% print in July. Market consensus calls were expecting a reading of 47%.
Following the release, gold prices remained relatively stable near session lows. Spot gold last traded at $1,940.79, up 0.05% on the day. The index for new orders remained in contraction territory, declining to 46.8 from July’s 47.3% print. “The U.S. manufacturing sector shrank again, but the uptick in the PMI indicates a slower rate of contraction,” said Timothy Fiore, Chair of the ISM Manufacturing Business Survey Committee. “The August composite index reading reflects companies managing outputs appropriately as order softness continues, but the month-over-month increase is a sign of improvement.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Turkish manufacturing contracts in August -PMIISTANBUL (Reuters) - Turkish factory activity contracted for a second month in August due to a slowdown in new orders as firms faced challenges ...
Lire la suite »
Asia Gold China gold premiums ease as safe-haven buying cools on stimulus hopesKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Lire la suite »
Record year at PerseusDual listed gold miner Perseus Mining has posted record financial results for the year ended June, as both gold production and gold prices increased. Perseus on Thursday reported a 27% increase in revenue for the full year, compared with the 2022 financial year, increasing from A$1.1-billion to A$1.42-billion, on the sale of 537 564 oz of gold, up from the 481 075 oz sold in the previous financial year.
Lire la suite »
Apple Tests Using 3D Printers to Make Devices in Major Manufacturing ShiftApple Inc. is testing the use of 3D printers to produce the steel chassis used by some of its upcoming smartwatches, according to people with knowledge of the matter, heralding a major change to how the company manufactures products.
Lire la suite »
Oil prices up on tighter supply, China PMI in focusBy Katya Golubkova TOKYO (Reuters) - Global oil prices were up in early trade on Thursday backed by tighter U.S. supply, with a focus on China factory ...
Lire la suite »
Asia’s Manufacturing Slump Persists as Economies Lose SteamManufacturing activity in Asia’s major export powerhouses slumped further in August as weak demand persisted in the region’s key trade markets, particularly in China.
Lire la suite »