Empire State Manufacturing Survey Falls to 5.7 in June, Gold Holds Near $4,344 Up 3%

According to the Federal Reserve Bank of New York, the Empire State Manufacturing Survey fell to 5.7 in June, sharply down from May's four-year high of 19.6 and missing economist forecasts of 13.2. Spot gold held near session highs at $4,344.30 per ounce, up nearly 3% on Monday, as the market continued to focus on geopolitical developments rather than the manufacturing data.
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