According to Chris Williamson, chief business economist at S&P Global Market Intelligence, ‘“The final reading of the S&P Global Manufacturing PMI signalled a further encouraging improvement in business conditions in March, adding to signs that the US economy looks to have expanded at a solid pace again in the first quarter…..“The upturn is, however, being accompanied by some strengthening of pricing power.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Gold prices may continue to rise.– bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via TwitterLeveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »