Gold futures settled slightly higher on Monday after data showed an unexpected drop in manufacturing sector activity in the U.S. in June.
The dollar's retreat after the ISM report helped gold's uptick. The dollar index, which climbed to 103.27 in the Asian session, dropped to 102.75 around mid morning, before recovering to around 103.00.
Gold futures for August ended higher by $1.40 at $1,930.80 an ounce.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.