Gold jumps 3% as ISM services PMI rises in August
The ISM services PMI surged to 55.4 in August from 54.1 previously, above the 54.3 market estimate and its strongest pace in six months.
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PCE inflation rises 3.7% in July, above forecasts
The U.S. Personal Consumption Expenditures price index rose 3.7% year over year in July versus economist forecasts of 3.6%, while the monthly measure increased 0.2% and core PCE was unchanged at 3.3%.
US Composite PMI Rises To 56 In August, Strongest Since April 2022
The US S&P Global composite PMI climbed to 56 in August from 54.5 in the previous month, marking the strongest growth since April 2022.
Silver rises 1.62% as gold and platinum also gain
Silver leads commodity gainers with a 1.62% rise, followed by Platinum (+1.34%), Lithium Carbonate (+0.99%) and Gold (+0.84%), while Silicon (-1.43%) and Aluminum Alloy (-0.69%) fall.
Silver rises 2.02% as metals gain broadly
Silver rises 2.02%, with platinum up 1.61%, lithium carbonate up 0.99% and gold up 0.91%, while silicon, aluminum alloy and iron ore CNY fall.
Empire State Manufacturing Index jumps to 20.6 in August
The New York Fed’s Empire State Manufacturing Index rises to 20.6 in August from 15.6 in the prior month, exceeding market estimates of 11, as U.S. stocks trade mixed.
Silver rises $0.56
Silver price increases