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Gold prices rise as New York manufacturing activity hits 5-year high amid inflation concerns.

Market News
15 Oct 2026
Kitco
View Source
Bullish
Gold prices rise as New York manufacturing activity hits 5-year high amid inflation concerns.

Gold prices climbed near session highs after the New York Federal Reserve reported its Empire State manufacturing index surged to 25.5 in October, the highest in nearly five years, signaling strong expansion. The report showed increased new orders, shipments, and employment, but also highlighted worsening supply availability and persistent inflationary pressures. Firms remain cautiously optimistic about future growth despite a slight drop in outlook optimism. This data supports gold's appeal as a hedge amid economic uncertainty and inflation concerns.

Gold prices near session highs after the New York manufacturing index rose to 25.5. For readers following the broader US stock market, here is Pluang's market snapshot as of Oct 15, 2026 18:42 WIB: out of 150 priced US stocks tradable on Pluang, 77 rose and 68 fell today. Notable movers include GFI (Gold Fields Limited) at USD 36.55 with a 1-day change of +2.81% and Pluang order activity showing 99% Buy, WMT (Walmart Stores Inc) at USD 119.35 with +2.75%, and AZN (AstraZeneca plc) at USD 166.33 with +2.65%.

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