Gold Holds Firm at $5,150 Even as the U.S. Economy “Heats Up” — Here’s the Signal Most Investors Are Missing

A Surprisingly Strong Economic Report The latest report from the Institute for Supply Management (ISM) showed that the U.S. services sector performed better than expected in February. The Services Purchasing Managers Index (PMI) came in at 56.1, up from January’s 53.8 and well above economists’ expectations of around 53.5. Now for readers who may not follow economic indicators every month, here’s the quick explanation. A PMI reading above 50 signals economic expansion, while anything below 50 indicates contraction. The further above 50 the number climbs, the stronger the pace of economic activity. So a reading of 56.1 is quite strong, and in fact it marks the highest level in nearly four years. On the surface, this suggests that the service…