NGD - 3 Red Hot Gold Penny Stocks to Buy in June 2020

Gold price may be struggling to gain momentum Monday morning due to weak US manufacturing to date, but the market is still hot, and there are still plenty of gold penny stocks worth looking at this month.

On Monday, the Institute for Supply Management (ISM) said that its Purchasing Managers Index rose to 43.1%, which is up from April’s 41.5%, but slightly worse than the expected 43.5%.

Gold future prices dropped sharply on initial reaction to the data with August gold futures last trading at $1,742.50 an ounce, representing a 0.53% drop.

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