On June 2, 2025, the U.S. economy exhibited signs of deceleration, marked by a decline in the ISM Manufacturing PMI and dovish commentary from Federal Reserve Chair Jerome Powell. These developments have significant implications for gold prices and the broader financial markets.
Today’s given signal : https://t.me/calendarsignal/18809
1. ISM Manufacturing PMI
The ISM Manufacturing PMI for May 2025 registered at 48.7, down from 49.0 in April, indicating a contraction in the manufacturing sector for the second consecutive month. Sub-indices revealed declines in new orders and production, suggesting weakening demand and output.
2. Federal Reserve Chair Powell’s Remarks
In a recent speech, Chair Powell emphasized a cautious approach to monetary policy, highlighting the need for more data before adjusting interest rates. He acknowledged the challenges posed by trade policies and tariffs, which could lead to higher inflation and slower growth, reinforcing a dovish stance.
Insights for New Traders
- Understanding ISM PMI: The ISM Manufacturing PMI is a key indicator of economic health. A reading below 50 suggests contraction, which can lead to increased demand for safe-haven assets like gold.
- Federal Reserve’s Stance: Dovish commentary from the Fed, indicating potential rate cuts or a pause in rate hikes, typically weakens the U.S. dollar and supports gold prices.
- Market Sentiment: Economic uncertainty and expectations of monetary easing can drive investors toward gold, impacting its price positively.
Previous released data results :
On last ISM Manufacturing Purchasing Managers Index data (1-4-2025) we predicted bad data, & as per that we suggest to BUY XAUUSD & as a result, we made a profit of 43 points according to the signal we gave.
Check last given signal : https://t.me/calendarsignal/18258
Performance : https://t.me/calendarsignal/18276
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