Spot gold trades near session low after ISM Manufacturing PMI dips to 52.4

(Kitco News) – Gold is trading near session highs after the latest data showed the U.S. manufacturing sector beating expectations by holding steady last month, though prices shot higher in February.The Institute for Supply Management (ISM) announced on Monday that its Manufacturing Purchasing Managers Index ticked down to 52.4 in February after posting a 52.6 reading in January. The headline number was higher than expected, as consensus forecasts looked for a reading of 51.8.