The price of gold rose sharply, stepping back from the two-month low, move caused by the fall of the dollar in response to the disappointing data on business activity in the US.
The report submitted by the Institute for Supply Management (ISM), showed that in August manufacturing sector has deteriorated markedly, exceeding thus the average forecast. The PMI was 49.4 points versus 52.6 points in July. It was expected that this figure will drop to 52 points. More detailed information is shown: the index of stocks in August fell to 49.0 against 49.5 in July, while the production index fell to 49.6 from 55.4. The new orders index plummeted to 49.1 against 56.9 in July, while the employment index fell to 48.3 from 49.4. Meanwhile, the price index fell to 53.0 from 55.0 in July
Analysts said the data from the ISM reinforced fears about the economy in general, but it is unlikely to have a strong impact on the Fed's plans to tighten policy.
"If tomorrow's NFP data will be good, the price of gold may fall to $ 1260- $ 1270, as markets will increasingly rely on a rate hike in September," - said Shu Jiang, principal analyst at Shandong Gold Group.
The cost of the October futures for gold on COMEX rose to $ 1312.8 per ounce.

© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.