Tag: Gold price

U.S. PMI Manufacturing Index Rose to 51.5%

Today, the U.S. Manufacturing ISM report was published; according to the recent report, the U.S. Manufacturing PMI index rose to 51.5% during September 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S. manufacturing…

QE3 Is Here, So Why Isn’t Gold Pulling Up?

gold and money base

The highly anticipated announcement of the FOMC to launch QE3 was finally made a couple of weeks ago. As expected, on the day of the announcement the prices of gold rose. But since then, the price of gold remained nearly…