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Market Impact: 0.2
Gold price struggling to catch a bid as New York Fed's Empire State survey drops to 7.6
Source: kitco.com
Commodities & Raw MaterialsEconomic DataInvestor Sentiment & Positioning
Gold recovered from its session lows but struggled to draw safe-haven buying despite continued weakness in the U.S. manufacturing sector, according to the New York Federal Reserve's latest report. The muted bullion response suggests investors are not yet treating soft manufacturing data as a sufficiently material risk catalyst.
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mildly negative
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