Story thread · 90 reports / 28 sources

investingLive Americas market news wrap: Gold storms higher

investinglive.com · 6dShare

US July ISM services index 54.1 vs 54.5 expected US July ADP national employment +44K vs +70K expected US S&P Global services final PMI 54.6 vs 53.6 prelim Fed's Kashkari: Would rather get going with small hikes now rather than wait Markets: Gold up $169 to $4245 US 10-year yields down 1.2 bps to 4.61% WTI crude oil down 69-cents to $75.08 S&P 500 down 0.2%, Nasdaq down 0.8% CAD leads, USD lags Gold was in focus on Wednesday as it held a strong, steady bid from late in Asian trading and through the European close. It's not clear what kicked off the buying spree but the combo of peace hopes, USD weakening intervention and positive risk appetite no-doubt helped. Technically, the zone near $4000 held for the past five weeks and that created a base that was followed by a squeeze higher today. In FX, the Canadian dollar got a lift from gold and was the strongest performer but most of the FX moves were middling today, though with a distinct risk-on flavor. In equities, futures pointed solidl

First report: China private survey July manufacturing PMI 50.9 (expected 51.5, prior 51.7) — investinglive.com, 8d