The ISM manufacturing PMI for December came in at 47.2 below both the prior reading of 48.1 and the consensus forecast, which called for 49.0. This marks the 5th consecutive month in contractionary territory for this metric and the 8th time in 9 months that it has come in below forecasts.
In terms of market reaction, USD has fallen along with US indices while Gold has returned back near its highest level of the day.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Gold has moved higher since the release with the precious metal trading less than $10 from its 2019 peak. Source: xStation
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
