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Gold dips as US manufacturing beats expectations with strongest PMI since May 2022.

Market News
01 Jun 2026
Kitco
View Source
Bearish
pluang ai news

Gold prices fell to session lows after the US Manufacturing Purchasing Managers Index (PMI) rose to 54 in May, the highest since May 2022, surpassing forecasts of 53. The report showed faster growth in new orders and production, while prices moderated, signaling stronger economic activity. This positive manufacturing data reduced gold's appeal as a safe haven, leading to a 1.77% drop in spot gold prices. Investors will watch upcoming economic indicators for further direction on gold demand.

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Jimmy Oakes unveils Ferrari V8-powered 1978 Porsche 911 at Formula DRIFT event.

Jimmy Oakes unveils Ferrari V8-powered 1978 Porsche 911 at Formula DRIFT event.

Automotive creator Jimmy Oakes showcased his latest project, a 1978 Porsche 911 SC swapped with a 400hp Ferrari/Maserati V8 engine, dubbed "Porrari," at the Formula DRIFT Championships. The extensive build involved restoring the classic Porsche, fabr...

Others
Neutral
54 minutes ago
Man Group discloses 2.6% stake in DCC plc ahead of potential takeover moves.

Man Group discloses 2.6% stake in DCC plc ahead of potential takeover moves.

Man Group PLC has disclosed an interest in 2.6% of DCC plc's ordinary shares, including direct ownership and derivatives, as per the Irish Takeover Panel rules. This disclosure signals a significant stake ahead of any potential takeover activity invo...

Market News
Neutral
1 hour ago
Cristiano Ronaldo tops Brazilian fans' dream travel companions, with Northeast Brazil as top destination.

Cristiano Ronaldo tops Brazilian fans' dream travel companions, with Northeast Brazil as top destination.

A KAYAK survey of 2,000 Brazilian travelers revealed Cristiano Ronaldo as the most desired football companion for trips, chosen by 60% of respondents. Vinícius Júnior and Endrick followed with 19% and 9%, respectively. The Northeast region of Brazil,...

Market News
Bullish
1 hour ago
The 16th annual PODD conference on drug delivery innovation will be held in Boston this October.

The 16th annual PODD conference on drug delivery innovation will be held in Boston this October.

The 16th annual PODD (Partnership Opportunities in Drug Delivery) conference will take place on October 29-30, 2026, in Boston, gathering over 1,000 industry leaders to discuss advancements in drug delivery systems. The event features over 150 sessio...

Others
Bullish
1 hour ago
KAYAK survey: Cristiano Ronaldo top travel pick for Brazilians, Northeast Brazil favored destination

KAYAK survey: Cristiano Ronaldo top travel pick for Brazilians, Northeast Brazil favored destination

A KAYAK survey of 2,000 Brazilian travelers found Cristiano Ronaldo is the most desired football player to travel with, chosen by 60% of respondents. Vinícius Júnior and Endrick followed with 19% and 9% respectively. Most Brazilians (59%) would take ...

Others
Neutral
1 hour ago
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