The US service sector expanded at the slowest pace in more than six years, official data revealed on Tuesday. The Institute for Supply Management said that its Non-Manufacturing PMI dropped to 51.4 points in August from the preceding month's 55.5, whereas market analysts anticipated a slight decrease to 55.4 in the reported month.
According to the latest data released by Markit Economics, Britain's services sector rebounded notably in August, showing a strong recovery from the post-Brexit plunge recorded during the previous month.
Gold is continuing to score gains on Wednesday, as the large resistance cluster, which was stopping the metals surge upward, was broken through on Tuesday.
Once again the US Dollar has shown its weakness and depreciated against the common European currency. Due to that the currency exchange rate surged on Tuesday and continues the surge on Wednesday.
Fewer jobs were created than expected in the United States last month, official data revealed on Friday. According to the Labor Department, total nonfarm payroll employment in the country jumped 151,000 in August, following July's upwardly revised gain of 275,000, whereas market analysts expected the economy to add 180,000 new jobs in the reported month.
According to the latest data released by Markit Economics, Britain's services sector rebounded notably in August, showing a strong recovery from the post-Brexit plunge recorded during the previous month.
The yellow metal continued to struggle with the monthly pivot point at 1,326.43 on Tuesday morning.
The common European currency is trading flat on Tuesday morning against the US Dollar, as the pair is without a clear direction before the EU GDP data for the second quarter of 2016.
Fewer jobs were created than expected in the United States last month, official data revealed on Friday. According to the Labor Department, total nonfarm payroll employment in the country jumped 151,000 in August, following July's upwardly revised gain of 275,000, whereas market analysts expected the economy to add 180,000 new jobs in the reported month.
UK manufacturing sector rebounded unexpectedly from the post-Brexit shock in August, official data revealed on Thursday.
The yellow metal reached the monthly pivot point at 1,326.43 on Monday morning, and it is forecasted to rebound during the day's trading session.
The EUR/USD pair moved higher on Monday morning, as it reached a resistance cluster above.
The yellow metal is struggling near the weekly S1 at 1,310.87, as it tries to find support and consolidate previous gains.
US manufacturing activity fell in the red territory during August despite last month's positive reading.
The common European currency confirmed a channel upward pattern against the US Dollar on Thursday, as the rate rebounded against the pattern's lower trend line.
UK manufacturing sector rebounded unexpectedly from the post-Brexit shock in August, official data revealed on Thursday.
The yellow metal traded flat on Thursday morning at the 1,307 mark, which it reached at the end of Wednesday's trading session.
The Euro remains just above the support cluster comprised of the 55 and 200-day SMAs and the first weekly support level against the US Dollar.
Confidence among American shoppers improved unexpectedly in August, according to the Conference Board's monthly survey.
Confidence among American shoppers improved unexpectedly in August, according to the Conference Board's monthly survey.
Confidence among American shoppers improved unexpectedly in August, according to the Conference Board's monthly survey.
Confidence among American shoppers improved unexpectedly in August, according to the Conference Board's monthly survey.
The bullion fell from 1,323.73 to 1,309.57 during Tuesday's trading session, as the metal continued a general downward move, which began in the middle of August.
The Euro has reached the first weekly support level at 1.1132 against the US Dollar, and at that level the rate rebounded on Wednesday morning.