PMI Archives - Topnewsplus

Gold hovers near record high on dollar weakness, rate-cut bets

Topnewsplus2 weeks ago03 mins

Gold prices rose on Monday to hover near an all-time high, supported by a weaker dollar and growing expectations that the Federal Reserve is likely to continue with interest rate cuts later this year. FUNDAMENTALS * Spot gold was up 0.5% at $3,776.72 per ounce as of 0150 GMT. Bullion hit a record of $3,790.82…

China’s factory activity contracts in May, but there are signs of improvement

Topnewsplus5 months ago03 mins

China’s factory activity contracted in May, according to an official survey released on Saturday, although the decline slowed from April as the country reached a deal with the U.S. to slash President Donald Trump’s sky-high tariffs. China’s purchasing managers index rose from 49.0 in April to 49.5 in May, the National Bureau of Statistics said….