On July 1, 2025, the Institute for Supply Management released ISM Manufacturing PMI report for June. The report indicated that ISM Manufacturing PMI increased from 48.5 in May to 49.0 in June, compared to analyst consensus of 48.8.
The report showed that economic activity in the manufacturing sector declined for the fourth month in a row.
Traders also had a chance to take a look at JOLTs Job Openings report for May. The report showed that JOLTs Job Openings increased from 7.395 million in April to 7.769 million in May, compared to analyst forecast of 7.3 million. The job market remains in decent shape despite worries about the potential impact of trade wars.
U.S. Dollar Index moved away from session lows as traders reacted to the better-than-expected JOLTs Job Openings report. Currently, U.S. Dollar Index is trying to settle back above the 96.70 level.
Gold Price Forecast
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See all Gold forecastsGold settled near the $3350 level after the release of the reports. From a big picture point of view, gold continues to rebound after the recent pullback. It remains to be seen whether PMI and job market data will have a material impact on gold markets today.
SP500 climbed towards the 6210 level as traders focused on encouraging economic reports.
For a look at all of today’s economic events, check out our economic calendar.
