Gold Slips After Big Jump In U.S. ISM Non-Manufacturing PMI

New York (Oct 4)  Gold Prices dipped modestly in late-morning U.S. trading Wednesday, in the immediate aftermath of a surprisingly big rise in the September U.S. non-manufacturing purchasing managers' index (PMI), to 59.8 versus 55.3 in August. A September reading of 55.2 was expected. This report falls squarely into the camp of the U.S. monetary policy hawks, who want to see the Federal Reserve raise interest rates in December. December gold was last up $1.40 an ounce at $1,276.00.

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