Gold Prices Rise on Decline in Manufacturing

Reuters reported that gold prices increased slightly following the release of weak US manufacturing data.

As quoted in the market news:

U.S. gold futures for August delivery settled down $6.50 at $1,597.70 an ounce, having closed earlier and higher than bullion on Friday. Trading volume was about half of its 30-day average, preliminary Reuters data showed.

Click here to read the full Reuters report.