MTECHTIPS:-Copper Settles Higher In August 2017

MTECHTIPS:-Copper Settles Higher In August 2017

MTECHTIPS -Gold rose in Asia on Tuesday after sharp calls from the U.S. for the United Nations to impose even tougher sanctions on North Korea for its weekend test of what it claimed was a hydrogen bomb. Comex gold futures rose 0.80% to $1,341.04 a troy ounce on the Comex. Speculation has grown that North Korea may test an ICBM on Sept. 9, the anniversary of the founding on the nation. elsewhere, the China Caixin services PMI jumped to 52.7, well above the 51.8 level expected, the private survey released on Tuesday showed, aiding sentiment of a consumer-led rebound. Earlier this month, the Caixin manufacturing PMI jumped in August to 51.6, beating a 50.9 level expected, data showed on Friday, showing the fastest pace of new orders in three years. The figure follows the official manufacturing Purchasing Managers’ Index from China on Thursday came in at 51.7 in August, beating expectations. Analysts polled by Reuters expected China to post official PMI of 51.3 for August, a tick down from 51.4 in July. A reading above 50 indicates expansion, while a reading below that signals contraction.
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