Gold rose slightly in Asia after the ISM manufacturing index data, which signaled a slowdown in the US economy.
Gold rose slightly in Asia as the US Institute for Supply Management (ISM) manufacturing index fell to the lowest level since May 2020.
The ISM Manufacturing Index fell below expectations to 46 in June, indicating that the contraction in the manufacturing industry continues. Nonfarm payrolls data, due Friday, are expected to provide more insight into the outlook for the US economy.
In Singapore, on the other hand, spot gold was $1,924.92 an ounce, up 0.2 percent.
The Dollar Spot Index fell 0.1 percent. Silver, palladium and platinum rose.