Gold prices eked out a marginal gain on Monday after prices pared earlier declines following the release of a closely watched gauge of manufacturing activity, which had slid to its lowest level since the onset of the COVID-19 pandemic.
Gold for August delivery gained $1.40, or 0.7%, to settle at $1,930.80 an ounce on Comex. September silver gained 8 cents, or 0.3%, to settle at $23.09 per ounce.
September palladium rose by $5, or 0.4%, to settle at $1,226 per ounce, while October platinum gained $2.50, or 0.3%, to$915.70,
Copper for September delivery gained 3 cents, or 0.9%, to settle at $3.79 per pound.
Gold prices received a reprieve on Monday after a barometer of business conditions at American factories fell to the lowest level since 2020 when the U.S. was locked down during pandemic, underscoring broad weakness in the industrial side of the U.S. economy.
Source : Marketwatch
