““The manufacturing economy continued expansion in April.
“Recent record-long lead times, wide-scale shortages of critical basic materials, rising commodities prices and difficulties in transporting products are continuing to affect all segments of the manufacturing economy.
Gold prices have seen some technical buying momentum through most of the morning and are holding on to its gains in initial reaction to the latest economic data.
Looking at some of the component of the report, the New Orders Index fell to a reading of 64.3%, down from the March reading of 68%.