Spot gold bumps up against $4,100/oz after ISM Manufacturing PMI falls to 53.3
(Kitco News) - Gold is trading on the edge of $4,100 and not far from session highs after the latest data showed the U.S. manufacturing sector performing below expectations last month, while prices continued their recent moderation.The Institute for Supply Management (ISM) announced on Wednesday that its Manufacturing Purchasing Managers Index fell to 53.3 in June, after posting a reading of 54 in May, its highest reading since May of 2022. The headline number was lower than expected, as consensus forecasts looked for a hold at 54.
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Gold price attracts a modest bid even as U.S. JOLTS shows resilient labor market(Kitco News) - The gold market is trying to attract fresh buying momentum, but support at $4,000 an ounce remains at risk as the U.S. labor market continues to show resilience, with the number of available jobs holding relatively steady last month.
