Gold sees modest price gains, bulls still have momentum | Kitco News

It’s been and likely will continue to be a quieter trading week on this unofficial last week of summer for Americans, ahead of the three-day Labor Day holiday weekend.

In overnight news, the U.S.

The world’s second-largest economy saw its unofficial non-manufacturing purchasing managers’ index drop to 47.5 in August, compared to 53.3 in July.

U.S.

Bulls’ next upside price objective is to produce a close above solid resistance at the July high of $1,836.20.

Silver bulls’ next upside price objective is closing September futures prices above solid technical resistance at $25.00 an ounce.

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