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Gold price at $4,158/oz after ISM Manufacturing PMI dips to 54.5, prices shoot higher

Barchart·10/01/2026 09:30:07
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(Kitco News) - Gold is trading not far from session lows after the latest data showed the U.S. manufacturing sector as a whole performing below expectations last month, while prices shot dramatically higher in September.The Institute for Supply Management (ISM) announced on Thursday that its Manufacturing Purchasing Managers Index fell to 54.5 in September, after posting a reading of 54.6 in August. The headline number was lower than expected, as consensus forecasts looked for a reading of 55.