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BottomBounce

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BottomBounce

Re: None

Wednesday, 08/23/2023 12:27:35 PM

Wednesday, August 23, 2023 12:27:35 PM

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The S&P Global Flash U.S. manufacturing PMI data dropped to 47.0%, down from July's reading of 49. According to consensus estimates, economists were looking for a relatively unchanged reading at 48.9. The gold market was seeing some solid buying momentum ahead of the disappointing data and has since pushed higher in initial to a fresh session high in initial reaction. December gold futures last traded at $1,946.50 an ounce, up more than 1% on the day. $XLRE

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