Gold prices pushing close to $1,800 but see little reaction to mixed flash PMI data

(Kitco News) - Gold prices are holding on in positive territory pushing close to $1,800 an ounce following mixed sentiment in the manufacturing and service sectors.

Wednesday, IHS Markit said its flash U.S. manufacturing Purchasing Managers Index for June dropped to a reading of 62.6, up from May’s reading of 62.1. The reading represents a new record higher within the manufacturing sector.

The data was also better than expected as economists were expecting to see a reading of 61.5.