The price of gold was little changed Monday morning as the US dollar was trading flat ahead of this week's economic data including the ADP private sector employment and the Labor Department's non-farm payrolls report for March.
Gold for June delivery, the most actively traded contract, edged up $2.80 to $1,598.50 an ounce. Last week, gold settled below the $1,600-mark after some upbeat home prices and durable goods data from the U.S. veered investors away from the precious metal to more riskier assets.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,221.26 tons.
Meanwhile, the U.S. dollar was trading flat around its four-month high versus the euro and hovering near a weekly low against sterling and the Swiss franc. The buck was leveling off from its two-and-half year high versus the yen.
Elsewhere, the price of silver was moving lower, while platinum was ticking higher in morning deals.
In economic news from the U.S., the Institute for Supply Management is due to release the results of its manufacturing survey for March at 10 a.m. ET. The consensus expectations call for a small drop in the index to 54 from 54.2 in February.
Simultaneously, the Commerce Department will release its construction spending report for February. Economists expect monthly construction spending growth of 1.1 percent for February, rebounding from the 2.1 percent drop in January.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.