Gold Drifts To Worst Monthly Decline On Vaccine Hopes
Another factor is the improvement in China’s manufacturing and non-manufacturing activity in November. The official manufacturing Purchasing Manager’s Index (PMI) rose to 52.1, the highest reading since September 2017. In the services sector, the official non-manufacturing PMI rose to 56.4, the highest monthly gain since June 2012.
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Makes sense. People flocked to the safe haven of gold when we were in the midst of a pandemic, but now that we see the light at the end of the tunnel, it's time to get out.