Spot gold trades below $4,380/oz after New York manufacturing index surprises with rise to 20.6 - KITCO
Spot gold trades below $4,380/oz after New York manufacturing index surprises with rise to 20.6 - KITCO
Source: KITCO
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DW NOTE
The Empire State manufacturing index jumped to 20.6, yet gold fell. That tells you everything about what traders think the Fed will do next — and nothing about what the Fed can actually do while oil supply is structurally short 4.3 million barrels per day and the strait stays closed.