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Gold has charged in to 2022 on a high with price gains straight out of the gates following disappointing new data from the Institute for Supply Management. The figures, released this week, show that the ISM manufacturing index disappointed in December, missing analyst expectations by quite a mark. The expected reading of 60% was not met, with the barometer instead reaching just 58.7% – a figure that was also a decline of 2.4% on the previous month.

Production indexes and new order indexes also fell, helping to push the yellow metal up 0.52% to £1,335 ($1,809) in trading yesterday (Tuesday), which has been built on again this morning

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