Gold Futures Snap Four-day Losing Streak, Settle Notably Higher
Traders were also looking ahead to a slew of economic data due this week.
The dollar index drifted down to 90.87, giving up nearly 0.5%.
Gold futures for June ended up by $24.10 or about 1.4% at $1,791.80 an ounce.
Silver futures for July ended higher by $1.087 or 4.2% at $26.960 an ounce, while Copper futures for July settled at 4.5285 per pound, up $0.0605 or 1.35% from previous close.
Growth in U.S. manufacturing activity unexpectedly slowed in the month of April, according to a report released by the Institute for Supply Management on Monday.
The ISM said its manufacturing PMI slid to 60.7 in April after jumping to a more than 37-year high of 64.7 in March.
U.S. Manufacturing Growth Unexpectedly Slows In April
Growth in U.S. manufacturing activity unexpectedly slowed in the month of April, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slid to 60.7 in April after jumping to a more than 37-year high of 64.7 in March.
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Dollar Loses Ground Against Other Major Currencies
WASHINGTON (dpa-AFX) - The U.S. dollar lost ground against other major currencies on Monday as traders reacted to the latest batch of economic data, and looked ahead to more due during the course of the week.
Growth in U.S. manufacturing activity unexpectedly slowed in the month of April, according to a report released by the Institute for Supply Management on Monday.
The ISM said its manufacturing PMI slid to 60.7 in April after jumping to a more than 37-year high of 64.7 in March.
A report from the Commerce Department showed U.S. construction spending rose by much less than expected in the month of March, rising by 0.2% to an annual rate of $1.513 trillion in March after falling by 0.6% to a revised rate of $1.510 trillion in February.
Oil prices rise amid strong economic data from US, China yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
CANADA STOCKS-TSX gains as oil prices jump on recovery hopes Reuters 1 hr ago
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April 6 (Reuters) - Canada s main stock index gained on Tuesday, boosted by stronger oil prices as robust economic data from China and the United States raised hopes of a faster pace of economic recovery.
A survey from the Institute for Supply Management on Monday showed activity in the U.S. services industry reached its highest level on record in March, while China s service sector also gathered steam with the sharpest increase in sales in three months. At 9:41 a.m. ET (1341 GMT), the Toronto Stock Exchange s S&P/TSX composite index was up 34.3 points, or 0.18%, at 19,061.09.