U.S. Composite PMI Rises to 52.2 in June, Beats Expectations; Spot Gold Recovers

According to S&P Global, the U.S. composite Purchasing Managers Index (PMI) rose to 52.2 on Tuesday (June 24), exceeding economist forecasts of 50.8. The services sector PMI climbed to 51.3 from May's 50.7, while manufacturing surged to 55.7 from 55.1. Following the data release, spot gold recovered from session lows, last trading at $4,134.53 per ounce, down 1.56% on the day.
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