Gold Stabilizes at $4,176.30 on July 6 as ISM Services PMI Slips to 54.0

According to Guangda Futures, COMEX gold stabilized on July 6, closing at $4,176.30 per ounce with a gain of 0.26%. Domestic SHFE gold posted a slight rebound, closing at 909.96 yuan per gram, down 0.15%.

U.S. June ISM Services PMI declined to 54.0 from 54.5, slightly below market expectations of 54.2. While the index remained above the 50 expansion threshold, signaling continued service sector growth, expansion has slowed. Meanwhile, the employment index reached its largest increase since 2024, and the prices paid index fell to 67.7, the lowest in four months. On geopolitics, Trump stated resolving the Russia-Ukraine conflict would be "much faster than people think," while Israel declared "indefinite" military deployments in Lebanon, Gaza, and Syria.