New York Fed Empire State Survey sees strong recovery, rising to 34.3

New York Fed Empire State Survey sees strong recovery, rising to 34.3

News Bites New York Fed Empire State Survey sees strong recovery, rising to 34.3 Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - The gold market is holding on the line around $1,800 as the New York manufacturing sector sees a strong recovery, according to the latest data from the New York Federal Reserve. Wednesday, the regional central bank said its Empire State manufacturing survey's general business conditions index surged higher to a reading of 34.3 in September, up significantly from August's reading of 18.3. The data was better than expected, as consensus forecasts were calling for a reading around 18.1. "Manufacturing activity grew …
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