Gold Bulls Revived With ISM-Gauge Drop After Rough August: ChartBy
Signs of cracks in the U.S. economy are breathing new life into gold bulls after the metal posted a rare August drop. The Institute for Supply Management’s economy-weighted manufacturing and non-manufacturing composite index plunged the most since 2008, prompting a retreat among traders betting the Federal Reserve may raise borrowing costs this month. That sent non-interest-bearing gold to its steepest climb in more than two months.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- This $14 Million Atlanta Home With Bunker Is ‘Safest in America’
- Separatists Pledge to Fight On After Spain Moves to Oust Catalan Leaders
- These Cities Make NYC Housing Look Dirt Cheap
- GE's New CEO Vows Sweeping Change After ‘Unacceptable’ Report
- Greenwich Mansion Listings Pulled to Wait for a Better Day