Spot gold shoots above $4,060/oz after New York manufacturing index surprises with rise to 15.6 - KITCO
Spot gold shoots above $4,060/oz after New York manufacturing index surprises with rise to 15.6 - KITCO
Source: KITCO
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DW NOTE
The New York Fed's manufacturing index jumped to 15.6 — well into expansion territory — yet gold rallied through $4,060. That's not a haven bid, that's a debasement hedge. Strong regional data should sink gold if anyone believed the Fed could or would tighten into a $2 trillion deficit and two active wars choking energy supply. Markets are pricing the Fed as captive, not credible.