U.S. manufacturing PMI beats expectations, gold price ticks down gold economy
Gold edged down after the preliminary manufacturing and service-sector sentiment data were released for March.
“At 49.3, the S&P Global Flash U.S. Manufacturing PMI … signaled a slight deterioration in operating conditions across the manufacturing sector. The rate of decline in the health of the sector was the slowest in the current five-month sequence of deterioration,” the report said. “The U.S. Services Business Activity Index posted 53.8 in March … to signal a solid expansion in service sector business activity.
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