| US manufacturing production shrank at its quickest pace in more than 3 years in August and US construction spending lowered in July by the greatest amount in a year, the disappointing ISM index and construction spending info had been released yesterday.
These kinds of reports fire up further hope for investors that Ben Bernanke will launch QE. Gold rose 4.5% in August and is now focusing on the $1,700 price level as soon as more, probably the most since January, on conjecture that the Federal Reserve will add to its $2.3 trillion bond buying plan. Traders are awaiting the important US employment info due on Friday for further signals around the poor well being of the US financial climate...............................................Full Article: Source
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