The world gold price suddenly increased by tens of USD/ounce when the market received many influencing factors.
Specifically, the Institute for Supply Management (USA) announced the non-manufacturing index for May 2023 at 50.3 points, down 4 points compared to the previous month's 51.9 points.
Market participants are struggling to predict the upcoming monetary policy decision from the US Federal Reserve, as inflation declines at a rather slow pace.