Price gains for gold as U.S. dollar index solidly down
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Global stock markets were mixed overnight. U.S. stock indexes are pointed toward slightly firmer openings when the New York day session begins. Risk appetite is not keen to start the new trading month, but neither is risk aversion. An underlying current in the marketplace recently has been notions China’s economic growth will surge this year. A Wall Street Journal article this morning has the headline: “China’s economy seen emerging from zero-Covid shadow.
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the U.S. manufacturing purchasing managers index , the global manufacturing PMI, the ISM report on business manufacturing, construction spending, domestic auto industry sales and the weekly DOE liquid energy stocks report.
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