US ISM Services PMI rose from 48.8 to 51.4 in July, matched expectations. Looking at some details, business activity/production rose from 49.6 to 54.5. New orders rose from 47.3 to 52.4. Employment jumped from 46.1 to 51.1. Prices rose from 56.3 to 57.0. ISM said: “The past relationship between the Services PMI® and the overall […]
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Gold prices soared to a new all-time high, with the troy ounce surpassing 2614 USD. This surge is primarily driven by expectations of additional interest rate cuts and ongoing geopolitical tensions, which enhance gold’s appeal Read more…
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