Gold prices holding near session highs as Empire State Survey falls to 5.7 in June

Gold is holding near session highs after a gap higher at the start of the week, supported by softer activity in the New York Fed manufacturing region. The report also showed rising input prices, a modestly inflationary signal that can support precious metals demand. Overall the article is factual and mildly supportive for gold, but does not indicate a major macro shift.

Analysis

Gold is holding near session highs after a gap higher at the start of the week, supported by softer activity in the New York Fed manufacturing region. The report also showed rising input prices, a modestly inflationary signal that can support precious metals demand. Overall the article is factual and mildly supportive for gold, but does not indicate a major macro shift.