U.S. Business Activity Picks Up in October as Inflation Fears Ease
- U.S. manufacturing PMI rose to 50.0 in October, first expansion since April
- Service sector PMI increased to 50.9, highest level in 3 months
- Activity picking up as expectations grow Fed tightening cycle has ended
- Price pressures cooling, inflation fears easing
- Gold sees technical selling after last week's rally to $2,000/oz
