The US dollar is trading at a multi-month high after data showed that inflation in the US is creeping higher. Despite higher US Treasury yields, gold continues to eye a fresh record high.
According to Chris Williamson, chief business economist at S&P Global Market Intelligence, ‘“The final reading of the S&P Global Manufacturing PMI signalled a further encouraging improvement in business conditions in March, adding to signs that the US economy looks to have expanded at a solid pace again in the first quarter…..“The upturn is, however, being accompanied by some strengthening of pricing power.
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