pmi data

Gold records its worst weekly fall this year on hawkish Fed minutes

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Gold records its worst weekly fall this year on hawkish Fed minutes

Gold recorded its worst weekly slump this year in the week ending May 24 on hawkish FOMC minutes and robust US PMIs. Now, markets largely look for just one rate cut this year as traders readjust their rate expectations in the wake of the US data and the Fed’s stance. Spot gold closed with a … Read more

Eurozone recovery accelerates in February: PMI data

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Eurozone recovery accelerates in February: PMI data

Economic growth in the eurozone accelerated in February and hit a nine-month high, according to the closely watched S&P PMI output index. Data from the survey published on Tuesday showed the indicator at 52.3, up from 50.8 in January. A reading over 50 represents economic growth. Output in the single currency bloc turned around in … Read more