Australia’s S&P Global Manufacturing PMI declines to 50.3 in May

Australia’s S&P Global Manufacturing PMI declines to 50.3 in May

The preliminary reading of Australia’s S&P Global Manufacturing Purchasing Managers Index (PMI) declined to 50.3 in May versus 51.3 prior, the latest data published by S&P Global showed on Thursday. The Australia’s S&P Global Services PMI eased to 47.7 in May from the previous reading of 50.7, while the Composite PMI fell to 47.8 in May […]

Gold rallies as Fed minutes flag hikes, US Dollar slides

Gold rallies as Fed minutes flag hikes, US Dollar slides

Gold (XAU/USD) finds bids and edges higher during the North American session on Wednesday after the Federal Reserve’s (Fed) last meeting minutes showed that most officials favored laying the groundwork for a rate hike. At the time of writing, the XAU/USD pair trades at $4,530, up by 1%. XAU/USD climbs as lower yields offset hawkish […]