China Caixin Manufacturing PMI above forecasts (49.5) in August: Actual (50.5)

Sep 1, 2025

Gold Price Forecast: XAU/USD declines below $3,450, Fed rate cuts bets might cap its losses

The Gold price (XAU/USD) trades in negative territory near $3,440 during the Asian trading hours on Monday. The precious metal retreats from an 11-week high due to some profit-taking.

China's Caixin Manufacturing PMI unexpectedly jumps to 50.5 in August vs. 49.5 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) leaped to 50.5 in August from 49.5 in July, according to the latest data released on Monday.