Gold Extends Losses After Upbeat U.S. ISM Report
By Jim Wyckoff of Kitco News
Wednesday February 01, 2017 10:11
(Kitco News) - Gold prices have deteriorated further following a stronger-than-expected U.S. ISM manufacturing report that was just released. The January ISM reading was 56.0 versus 54.5 in December. A reading of 55.0 for January was expected. Gold prices were already feeling some pressure after a much-higher-than-expected U.S. ADP national employment report number was released about two hours ago. April gold was last down $8.60 an ounce at $1,202.80.
By Jim Wyckoff, contributing to Kitco News; firstname.lastname@example.org
Follow Jim Wyckoff @jimwyckoff
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