Spot gold prices have surged to near record highs following a significant rise in the New York manufacturing index, which reached its highest level in months. The uptick in manufacturing activity has fueled expectations of stronger economic growth, driving demand for gold as a hedge against inflation and market volatility. Traders appear optimistic about industrial momentum, with the precious metal benefiting from renewed investor confidence. The move comes as broader economic indicators point to a potential shift in economic conditions.
Spot gold near highs after New York manufacturing index rises to 25.5 Kitco
