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.
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