The Phaserl


Daily Nugget – Gold and Silver Await Data

by Jan Skoyles,

Yesterday the gold price fell to a five-month low on the back of upbeat economic data and a stronger US Dollar.

Once again a release of economic data prompted speculation that tapering would come sooner rather than later. The Institute for Supply Management’s manufacturing activity index for November rose to a two-and-a-half year high. This is the six consecutive month manufacturing activity has risen, however the data conflicts with various factory activity measures which means little can be discerned from the figures.

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