Spot Gold Slides to $3,999/oz After Philly Fed Manufacturing Survey Jumps to 41.4

According to Kitco News, spot gold prices declined on Thursday morning after the Philadelphia Federal Reserve's July manufacturing business outlook survey jumped to 41.4, far exceeding economist expectations of 13.0 and June's reading of 10.3. Following the 8:30 am ET release, spot gold fell to session lows, trading at $4,003.16 per ounce for a loss of 1.43% on the day.
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