Posted 10/4/2023, 2:13:00 PM
Gold Prices Remain Near Lows as U.S. Service Sector Growth Slows Moderately in September
- Gold prices hovering near session lows after September ISM Services PMI meets expectations
- Activity in U.S. service sector saw moderate pullback in September
- ISM Services PMI declined to 53.6% in September, down from 54.5% in August
- Data was in line with consensus estimates, indicating growth for 9th straight month
- Gold remained near session lows after in-line economic data, spot price down 0.27% on the day
