{"id":1436,"date":"2026-08-20T18:57:04","date_gmt":"2026-08-20T18:57:04","guid":{"rendered":"https:\/\/goontrading.com\/en\/spot-gold-bounces-to-4470-oz-after-philly-fed-survey-rises-to-47-4-in-august\/"},"modified":"2026-08-20T18:57:04","modified_gmt":"2026-08-20T18:57:04","slug":"spot-gold-bounces-to-4470-oz-after-philly-fed-survey-rises-to-47-4-in-august","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/spot-gold-bounces-to-4470-oz-after-philly-fed-survey-rises-to-47-4-in-august\/","title":{"rendered":"Spot gold bounces to $4,470\/oz after Philly Fed survey rises to 47.4 in August"},"content":{"rendered":"

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\"Spot<\/p>\n

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(Kitco News)\u00a0\u2013\u00a0Gold prices are\u00a0coming off their recent lows\u00a0on Thursday morning after the Philadelphia Federal Reserve’s manufacturing sector survey improved beyond expectations this month.<\/p>\n

The regional central bank said its manufacturing business outlook for August came in at 47.4\u00a0\u2013\u00a0a five-year high\u00a0\u2013 after a reading of 41.4 in July. The data was far better than expected, as economists were looking for a reading of 25.0 this month.<\/p>\n

\u201cResponses to the May Manufacturing Business Outlook Survey suggest an overall expansion in the region\u2019s manufacturing activity,\u201d the report said. \u201cThe indicators for current activity, new orders, and shipments all remained above their nonrecession averages this month, and the employment index rose to a multiyear high. Price increases were less widespread this month, but both price indexes remained elevated.\u201d<\/p>\n

\u201cThe survey\u2019s broad indicators for future activity jumped higher and suggest widespread expectations for growth over the next six months,\u201d they added.<\/p>\n

Gold prices were trading near session lows but saw a bounce in the minutes after the 8:30 am ET release. Spot gold last traded at $4,470.09\u00a0 per ounce for a loss of 1.17% on the session.<\/p>\n

\"article<\/span><\/span><\/p>\n

The current conditions indicators improved on balance this month, driven by strong gains in employment. \u201cThe diffusion index for current general activity rose from 41.4 in July to 47.4 in August, its highest reading since April 2021,\u201d the report said. \u201cNearly 57 percent of the firms reported increases in activity, while 10 percent reported decreases; 29 percent of the firms reported no change in activity. The current new orders and shipments indexes both declined but remained above their long-run nonrecession averages. The new orders index fell 7 points to 30.1. Almost 46 percent of the firms reported an increase in new orders, 16 percent reported a decrease, and 36 percent reported no change. The shipments index declined from 33.7 to 27.7 in August.\u201d<\/p>\n

\u201cThe employment index rose 18 points to 27.9, its highest reading since April 2022,\u201d they noted. \u201cNearly 33 percent of the firms reported an increase in employment levels (up from 13 percent last month), 5 percent reported decreases (up from 3 percent), and 62 percent reported no change (down from 83 percent), the lowest share in two years. The average workweek index rose from 14.0 to 26.5.\u201d<\/p>\n

The Philly Fed report also showed price pressures easing from July.<\/p>\n

\u201cBoth price indexes declined this month to their lowest readings since February but remained above their long-run nonrecession averages,\u201d they said. \u201cThe prices paid index fell 13 points to 40.9 in August. Nearly 41 percent of the firms reported increases in input prices (down from 54 percent last month), while none reported decreases (unchanged); 59 percent reported no change (up from 46 percent). The current prices received index declined 10 points to 17.7. More than 21 percent of the firms reported increases in the prices of their own goods, 3 percent reported decreases, and 74 percent reported no change.\u201d<\/p>\n

The survey\u2019s broad indicators for future activity indicated firms continue to expect growth.\u00a0<\/p>\n

\u201cThe diffusion index for future general activity climbed 39 points to 73.6 this month, its highest reading since August 1983,\u201d the report said. \u201cAlmost 75 percent of the firms expect an increase in activity over the next six months (up from 52 percent last month), far exceeding the 1 percent that expect a decrease (down from 17 percent); 22 percent expect no change (unchanged). The future new orders index increased 31 points to 66.0, and the future shipments index rose 24 points to 63.5, each reaching its highest reading in more than five years. The firms continue to expect increases in employment over the next six months, and the future employment index rose 6 points to 35.4, after declining for four consecutive months.\u201d<\/p>\n

\u201cBoth future price indexes moved higher above their long-run averages, mostly offsetting last month\u2019s declines,\u201d they added. \u201cThe future prices paid index moved up 6 points to 62.9, and the future prices received index rose 18 points to 59.8. The index for future capital expenditures increased 18 points to 48.2, its highest reading in 53 years.\u201d<\/p>\n<\/div>\n

Kitco.com<\/p>\n","protected":false},"excerpt":{"rendered":"

\u26a1 Trade with Ultra-Low Spreads on IC Markets! \u2794 [Link] \ud83c\udf81 Get Your Exclusive XM Deposit Bonus Now! \u2794 [Link] \ud83d\udca1 Master the Markets with FXTM Copy Trading \u2794 [Link] (Kitco News)\u00a0\u2013\u00a0Gold prices are\u00a0coming off their recent lows\u00a0on Thursday morning after the Philadelphia Federal Reserve’s manufacturing sector survey improved beyond expectations this month. The regional …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1436","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=1436"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1436\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}