Spot gold at $3,333/oz after ISM Services PMI rises to 50.8 in June

(Kitco News) – The U.S. service sector improved on balance last month, with business activity and prices improving while employment worsened, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Thursday morning that its Services Purchasing Managers Index rose to 50.8 in June, up from May’s reading of 49.9. The data was better than expected, as economists were looking for a reading of 50.5.