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Gold prices dip as Philly Fed reports stronger-than-expected manufacturing growth, hinting at possible Fed rate hikes.

Market News
18 Jun 2026
Kitco
View Source
Bearish
pluang ai news

Gold prices fell slightly following a strong rebound in the Philadelphia Fed's manufacturing sector, which saw its Business Outlook Index rise to 10.3 in June, surpassing expectations. This positive manufacturing data suggests economic expansion and supports the Federal Reserve's signals of potential interest rate hikes later this year. The gold market has struggled to maintain gains since the Fed's updated economic projections indicated tighter monetary policy ahead. Investors are watching closely as these developments could pressure gold prices further.

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High fees in JNK ETF cut into returns compared to cheaper USHY alternative.

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Grayscale Bitcoin Trust charges 1.5% fees, much higher than cheaper Bitcoin ETFs, cutting investor returns.

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