Key Takeaways
- Gold recovers toward key participation levels after the strongest ISM Manufacturing reading in four years.
- Growth expectations, inflation dynamics, and real yields remain the dominant transmission channels across metals markets.
- Treasury positioning and US dollar stability continue shaping investor participation.
- The active gold structure is centered around the 4500–4525 participation zone ahead of ADP, ISM Services and labor-market data later this week.
enters the June 2 session with markets digesting a significantly stronger-than-expected report and reassessing how growth expectations, pressures and policy assumptions interact across the broader macro landscape.
The latest rose to 54.0, above both expectations and the previous reading, marking the strongest expansion signal in several years. At the same time, the report showed continuing pressure across prices…
