Gold solidly up, at daily highs, following more downbeat U.S. economic data

(Kitco News) – Gold prices are trading with double-digit gains in late-morning action Thursday, following some more weak U.S. economic data. The ISM non-manufacturing index for September came in at 52.6 versus expectations for a reading of 55.3. The news also sent the U.S. stock market down sharply. December gold futures were last up $13.30 at $1,521.00.

By Jim Wyckoff
For Kitco News


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