Traders also had a chance to take a look at the final reading of the S&P Global Manufacturing PMI report. The report revealed that S&P Global Manufacturing PMI declined from 52.9 in June to 49.8 in June, compared to the consent of an analyst of 49.5.
The Michigan Consumer Avana increased from 60.7 to 61.7 in June in June, while analysts expected it to be 62.
The University of Michigan commented: “Although recent trends showing spirit in a favorable direction, the emotion remains widely negative.”
The expectations of inflation declined from 5.0% to 4.5% year-on-year, while prolonged inflation expectations have come down from 4.0% to 3.4%.
The US Dollar index tested the session climb as traders reacted to the weak-to-the-affected ISM manufacturing PMI report. Currently, the US dollar index is trying to settle below 98.90 levels.
After releasing the report, the gold settled near the height of the session. Gold is trying to climb above the level of $ 3350 as traders focus on the major pullbacks in Treasury Yield, which was powered by a weak non -farm payroll report.