Today's market analysis
Zusammenfassung：Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though
Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though traders bought the Greenback. The XAU/USD trades at $2,490, down 0.34%.
Earlier, the Institute for Supply Management (ISM) revealed the August Manufacturing PMI, remained below the 50-line contraction/expansion level, an indication of an economic slowdown. Despite this, an Employment sub-component of the report improved slightly.
Gold opened at around 2493 and rose to around 2494 at the highest and around 2491 at the lowest before press time.Pay attention to the resistance of 2510-2520-2530. If it fails to break through, it will test2480-2170-2460
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