Gold price near daily highs as ISM Manufacturing Index disappoints in June

(Kitco News) Gold remained near its daily highs as the headline manufacturing index from the Institute for Supply Management came in below expectations in June. 

The ISM manufacturing index was at 60.% last month, disappointing markets' consensus estimates of 61%. The monthly figure marked a 0.6 percentage-point decline from May's reading of 61.2%.

"This figure indicates expansion in the overall economy for the 13th month in a row after a contraction in April 2020," the report said.