Gold prices fell sharply following the release of stronger-than-expected US economic data showing robust growth in both the services and manufacturing sectors for September. The S&P Global flash Composite PMI rose to 58.4, signaling the fastest business activity growth in over five years, driven by surging service sector activity and improved manufacturing output. Despite the growth, supply chain bottlenecks and rising input costs, especially from higher energy prices, are fueling inflation concerns. This economic strength pressured gold prices down to session lows, reflecting reduced safe-haven demand amid optimism about US economic growth.
Gold price movement following the release of the September S&P Global flash Composite PMI is provided here for context. For readers following US stocks on Pluang, as of Sep 23, 2026 20:41 WIB, out of 150 priced US stocks, 53 rose and 97 fell. Notable movers include PLTR at USD 192.14 with a 1-day change of +3.88% and a typical hold time of 77 days, NEM at USD 122.80 down 3.50% with a 57-day hold time, and RCL at USD 226.67 down 3.50% with an 84-day hold time. Pluang order activity for these stocks shows mixed buy and sell interest.
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