NEW YORK ( TheStreet) -- Global manufacturing data released on Monday outperformed expectations. sparking a selloff in Treasury bonds and German bunds and leading to a drop in gold prices and the stocks of gold-mining companies.The positive data show that business investment may be growing faster than previously thought, as the U.S. manufacturing number was its highest since 2011. If both consumers and corporations regain confidence and increase spending, then tapering by the Federal Reserve may come sooner than expected.
Global Macro: Strong Manufacturing Data Hurt Gold
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