InstaForex InstaForex
News

Gold Grinds Higher Amid Downbeat Manufacturing Data

Gold futures rose Monday amid somewhat disappointing economic data and questions about whether the Federal Reserve will raise interest rates again this year.

August gold climbed $6.20, or 0.5%, to settle at $1,233.70/oz.

Activity in the New York manufacturing sector grew at a notably slower pace in the month of July, according to a report released by the Federal Reserve Bank of New York on Monday.

The New York Fed said its general business conditions index dropped to 9.8 in July from '19.8 in June, although a positive reading still indicates growth. Economists had expected the index to fall to 15.0.

Eurozone inflation slowed to a 6-month low in June as estimated, final data from Eurostat showed Monday.

Inflation eased slightly to 1.3 percent in June from 1.4 percent in May. The rate came in line with the flash estimate published on June 30.

Recommend: Forex News
 
German Business Sentiment Hits Record High
2017-07-25 12:22:00 UTC+00 16 hours, 6 min. ago  
Views today: 837 
S. Africa's Leading Index Remains Stable In May
2017-07-25 09:40:00 UTC+00 18 hours, 48 min. ago  
Views today: 816 
Poland Jobless Rate Falls As Expected In June
2017-07-25 09:26:00 UTC+00 19 hours, 2 min. ago  
Views today: 883 
Brazil Consumer Confidence Falls For Second Month: FGV
2017-07-25 11:30:00 UTC+00 16 hours, 58 min. ago  
Views today: 792 
Crude Oil Rises To $47 As OPEC Brags About Supply Quotas
2017-07-25 11:18:00 UTC+00 17 hours, 10 min. ago  
Views today: 833 

Support and resistance levels

EUR/USD
GBP/USD
USD/JPY
GBP/JPY
EUR/CHF
AUD/USD
Jul 26 at 4:28 UTC
Start trading with
no risks and investments
With new Start-Up Bonus of $2500