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Spot gold holds above $4,585/oz as flash S&P composite PMI improves to 56 in August
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(Kitco News) - The gold market is holding its earlier gains after the latest U.S. data showed the services sector improving beyond expectations this month, while the manufacturing sector weakened slightly.S&P Global reported on Friday that its flash Composite Purchasing Managers Index (PMI) rose to 56.0 in August, up from July’s reading of 54.5. The number was above expectations, as economists had forecasted a reading of 53.2.
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