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The Open - Jim Wyckoff

Gold Near Steady Amid Summertime Doldrums

(Kitco News) - World stock markets were mixed overnight. European equities were boosted by an upbeat Euro zone purchasing managers index (PMI). The Markit PMI reading was 53.3 in August from 53.2 in July. The Euro zone economy has proven resilient following the late-June Brexit vote that surprised many. Asian shares were mostly lower due in part to an appreciating Japanese yen. U.S. stock indexes are pointed toward higher openings when the New York day session begins.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
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