Gold bounced higher after the PMI report

In the April 3 session, gold was supported when the ISM services PMI report dropped to 51.4 compared to the initially estimated level of 52.8. The precious metal fell to $2,267 early in the European session but then rebounded sharply and ended the day at $2,293 after the PMI data was released.

Today, the market will receive unemployment benefit applications along with further speeches from Fed officials. Currently, gold is rising to $2,300.