#Market_Update Gold extended its rally into a sixth consecutive trading day in the Asian session on Tuesday and touched a new record-high above $3,500. In the European session, the preliminary Harmonized Index of Consumer Prices (HICP) data for August, the European Central Bank's (ECB) preferred gauge of inflation, will be watched closely. Why it matters to traders?

The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers Index (PMI) provides a reliable outlook on the state of the US manufacturing sector. A reading above 50 suggests that the business activity expanded during the survey period and vice versa. PMIs are considered to be leading indicators and could signal a shift in the economic cycle. Stronger-than-expected prints usually have a positive impact on the USD. In addition to the headline PMI, the Employment Index and the Prices Paid Index numbers are watched closely as they shine a light on the labor market and inflation. #ThingsToKnow Survey responses reflect the change, if any, in the current month compared to the previous month. A reading above 50 indicates that the manufacturing economy is generally expanding, a bullish sign for the US Dollar (USD). A reading below 50 signals that factory activity is generally declining, which is seen as bearish for USD.#USNonFarmPayrollReport