China Factory Gauge Holds Up as Global Economic Report Improves

China’s official manufacturing gauge held up in May, buoyed by an improving global outlook.

Key Points

  • Manufacturing purchasing managers index remained at 51.2 for a second straight month in May, compared with a median estimate of 51 in a Bloomberg survey of economists.
  • Non-manufacturing PMI rose to 54.5
  • Numbers higher than 50 indicate improving conditions

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MCX Gold Trade Zone Key Between 28500-28970

Gold Prices Resist Selling Pressure

Gold Tips and ReportGold Silver Reports — Technically Gold market is getting support key at 28610 and below same could see a test of 28500 level, And resistance key is now likely to be seen at 28884, a move above could see prices testing 28970. 

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Metals Slide on China

Lead - Zinc Tips Updates April 03

Lead - Zinc Tips Updates April 03Gold Silver Reports — European stocks edged higher, even as mining companies retreated with industrial metals following China’s credit-rating downgrade. The euro and dollar steadied as investors awaited fresh clues on the path for U.S. borrowing costs.

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