Commodity Blog |
| China’s & US PMIs Weaken Copper & Silver, Boost Gold Posted: 01 Apr 2013 06:33 PM PDT Copper and silver declined due to worse-than-expected manufacturing data from the United States and China. The poor macroeconomic indicators boosted demand for safety, helping gold to rally. US manufacturing Purchasing Managers’ Index fell from 54.2 to 51.3 in March, according to the Institute for Supply Management, instead of staying stable as was expected. China manufacturing PMI actually advanced, rising from 50.1 to 50.9 last month. Yet the increase missed the predictions of 51.6. [...] |
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