Monday, May 3, 2010

April ISM Factory Index Up To 60.4%

Amongst other economic data, the Institute for Supply Management released its April figure; it's well into expansion territory. The reading of 60.4% is the highest it's been since June 2004, and was slightly above expectations.

Gold backed off a little after it was released, but that back-up was on the heel of a run that took the metal up to another 2010 high.

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