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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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.
The ISM reported its services PMI rose to 55.4 in August from 54.1 in July, with the index staying above 50 indicating service-sector growth.
U.S. services-sector activity continued to expand, with ISM’s services purchasing managers index at 55.4 in August versus 54.1 in July, keeping a 26-month expansion streak.