Gold tests $1960

Weather & Weak Demand Drive US PMIs Down To 10-Month Lows In February, But... While 'hard' data has been fading modestly in recent weeks, 'soft' survey data has bounced back but today we get a first glimpse at February's PMIs from S&P Global to see if that survey-based confidence is continuing. It is not as both Manufacturing and Services PMIs dropped notably., Flash US Services PMI Business Activity Index: 52.3 (January: 52.7). 10-month low. Flash US Manufacturing PMI: 51.2 (January: 52.4). 7-month low.    Source: Bloomberg Overall that dragged the US Composite PMI down...

A new poll shows that President Donald Trump’s calls to take Greenland and his foreign policy overall are unpopular with Americans. Trump ran on an America First platform that would avoid unnecessary foreign entanglements and wars.  According to a new AP-NORC poll, 72% of Americans disapprove of Trump’s handling of Greenland, including 91% of Democrats […]

Mexican Resort Towns Burn As Special Forces Kill Jalisco New Generation Cartel Boss "El Mencho" Update (1656): Mexico's Ministry of Defense announced on X that a military operation targeting the Jalisco New Generation Cartel (CJNG) in the Tapalpa area resulted in the death of cartel leader Nemesio "Mencho" Oseguera. According to the statement, troops came under attack and returned fire "in defense of their integrity," leaving four CJNG members dead at the incident area and three others critically wounded. The ministry stated that those three later died during a medevac transfer...