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InstaForex Gertrude

Forex News from InstaForex - 2

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Japan Manufacturing Sector Slows In May - Nikkei

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The manufacturing sector in Japan continued to expand in May, albeit at a slower pace, the latest survey from Nikkei showed on Friday with a seven-month low manufacturing PMI score of 52.0. 

That's down from 53.1 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. 

Individually, output posted its slowest growth in nine months, although exports expanded and job creation was sustained. 

Stocks of purchases, stocks of finished goods and backlogs of work all swung to contraction. 

News are provided byInstaForex.
 

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Gold Climbs following Five-Week Low

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Gold continued its rebound Thursday as it climbed above the last session's five-week trough as the US dollar stabilized. 

US gold futures for August settlement closed at $1,249.40, up 0.3%. Spot gold settled at $1,249.17 an ounce, up 0.3%. In the last trading session, it added 0.3% after trading at $1,240.75, its five-week trough. 

Meanwhile, silver stood at $16.57 per ounce, up 0.9%. Platinum ended at $924.40, up 0.1%. But palladium traded at $884.60, down 0.4%.

News are provided byInstaForex.
 

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