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We need new mines & new development, not just the M&A of the past: Barrick CEO
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post: SPOT GOLD HITS RECORD HIGH, LAST UP 1% AT $2136.7/OZ
Regional lender New York Community Bank may have to pay more to retain deposits after one of the company’s key ratings was slashed for the second time in a month. Late Friday, ...
Ahead of important events and influential data, gold prices moved towards new record highs as investors continue to bet on the metal. This is considered a safe haven in ...
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Our Full Year 2023 Gold Demand Trends report – published in January – confirmed another stellar year for central bank gold demand. While it fell slightly short of the annual ...
US service providers signalled a further solid performance during February, according to the latest PMI® data from S&P Global. Output rose for a thirteenth successive month, the ...
Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI® registered 52.6 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 44 of the last 45 months, with the lone contraction in December 2022. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In February, the Services PMI® registered 52.6 percent, 0.8 percentage point lower than January's reading of 53.4 percent. The composite index indicated growth in February for the 14th consecutive month after a reading of 49 percent in December 2022, which was the first contraction since May 2020 (45.4 percent). The Business Activity Index registered 57.2 percent in February, which is 1.4 percentage points higher than the 55.8 percent recorded in January. The New Orders Index expanded in February for the 14th consecutive month after contracting in December 2022 for the first time since May 2020; the figure of 56.1 percent is 1.1 percentage points higher than the January reading of 55 percent. The Employment Index contracted for the second time in three months with a reading of 48 percent, a 2.5-percentage point decrease compared to the 50.5 percent recorded in January. post: US ISM Services Index Feb: 52.6 (est 53.0; prev 53.4) - ISM Services Prices Paid Feb: 58.6 (est 62.0; prev 64.0) - ISM Services Employment Feb: 48.0 (est 51.4; prev 50.5) - ISM Services New Orders Feb: 56.1 (est 54.4; prev 55.0)
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- Posted: Mar 5, 2024 8:38am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 149