China RatingDog Manufacturing PMI came in at 51.8, above forecasts (51.4) in May
The post China RatingDog Manufacturing PMI came in at 51.8, above forecasts (51.4) in May appeared on BitcoinEthereumNews.com. Gold stays defensive above $4,500 in the Asian session on Monday, holding Friday’s late pullback from the vicinity of $4,600 or a two-week high. Any meaningful upside seems elusive as geopolitical risks underpin the US Dollar’s reserve currency status, which tends to weigh on the commodity. Furthermore, bets for a Fed rate hike in 2026 support the USD and should cap gains for the non-yielding yellow metal. Source: https://www.fxstreet.com/news/china-ratingdog-manufacturing-pmi-came-in-at-518-above-forecasts-514-in-may-202606010145