Gold prices are also getting support as the number of COVID-19 cases in India continues to increase. This precious metal price also gained momentum thanks to economic data. The US Institute of Supply Management's manufacturing activity index stood at 60.7 in April, well below expected 65. The US Department of Commerce released data showing that investment in construction projects in the country rose 0.2% in March, to a seasonally adjusted level of $ 1,510 billion. Meanwhile, economists forecast a 1.8% increase. IHS Markit's seasonally adjusted U.S. Manufacturing Purchasing Managers' Index was at 60.5 in April, close to a preliminary estimate of 60.6.
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