Gold prices gained in Asia on Tuesday with regional currencies showing some gains on the dollar by regional currencies after a better than expected Caixin manufacturing PMI for July.
Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose by 0.19% to $1,268.97 a troy ounce.
The Caixin manufacturing PMI came in at 51.1 on Tuesday, a better than expected figure that the 50.4 seen and aiding markets higher. On Monday. the CFLP manufacturing PMI reached 51.4, a trade below expected, but still in expansion, while a 54.5 for the services PMI also was seen as steady. Overnight, gold prices fell below breakeven on Monday, despite a more than fourteen-month slump in the dollar on the back of growing uncertainty whether the Federal Reserve will keep to its plan to raise rates at least once more this year. For More Information About Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call : 8817774774
Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose by 0.19% to $1,268.97 a troy ounce.The Caixin manufacturing PMI came in at 51.1 on Tuesday, a better than expected figure that the 50.4 seen and aiding markets higher. On Monday. the CFLP manufacturing PMI reached 51.4, a trade below expected, but still in expansion, while a 54.5 for the services PMI also was seen as steady. Overnight, gold prices fell below breakeven on Monday, despite a more than fourteen-month slump in the dollar on the back of growing uncertainty whether the Federal Reserve will keep to its plan to raise rates at least once more this year. For More Information About Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call : 8817774774
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