GOLD 2/8 : Eagerly waiting for ADP news

Yesterday, the US announced that the ISM Manufacturing Index for the month of July had a maximum performance of 46.4, the number was achieved at 46.0 in June with a peak performance of 46.9 months. The manufacturing sector showed signs of contraction for the ninth straight month, with the main index flat and all sub-sectors declining in activity. In this case, only two of the 18 music industries changed July from July to June. Weakness in the sector is widespread - as expected as new commodity units fell for the 11th consecutive month.

For the Fed, for the producers with the largest output can increase revenue and increase revenue. From this perspective, although last week's personal consumption spending report showed consumer demand for goods recovered in June - giving durable spending a strong boost - Innovation continues. continuously decreased. Looking ahead, we think the Fed may have reached the end of the austerity cycle.

Komen:

Despite the US economic data released not as expected, gold is still under downward pressure to test the old bottom on July 27 around 1942. However, this morning, Gold had a “GAP UP GAP” ” as the global rating agency Fitch downgraded the US government's credit rating to AA+ from AAA on Tuesday. The ratings giant cites the anticipated financial slowdown over the next three years and the high and growing overall government debt burden as key catalysts for the strong move.