Gold fell on better then expected ISM data

Market news

1 March 2016

Gold fell on better then expected ISM data

Gold fell after better-than-expected U.S. data showed improvement in the business sector. The Institute for Supply Management released its manufacturing purchasing managers' index for the U.S. on Tuesday. The index rose to 49.5 in February from 48.2 in January. Analysts had expected the index to increase to 48.5.

Gold futures for March delivery decreased to $1232,60 (-0,33%) per ounce.

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