US Consumer Sentiment Drops Despite Lower Inflation Expectations.
TL;DR Summary
The gold market is trading at session highs as U.S. consumer confidence falls sharply in March, even as inflation expectations remain persistently high, according to preliminary data from the University of Michigan. While holding near session highs, the gold market is not seeing much reaction to the latest economic data. April gold futures last traded at $1,955.20 an ounce, up 1.65% on the day. According to most analysts, gold continues to benefit from safe-haven demand as the banking sector continues to deal with the fallout of tightening market liquidity.
- Gold price holding near session highs as preliminary UofM consumer sentiment falls to 63.4 Kitco NEWS
- Consumer sentiment for March reads lower than expected: University of Michigan Yahoo Finance
- Consumer sentiment falls for first time in four months --- and that was before Americans knew about SVB MarketWatch
- US Short-Term Inflation Expectations Drop, Yet Consumer Sentiment Still Fell Bloomberg
- Consumer Sentiment Falls for the First Time in Four Months Barron's
Reading Insights
Total Reads
0
Unique Readers
9
Time Saved
3 min
vs 4 min read
Condensed
86%
626 → 89 words
Want the full story? Read the original article
Read on Kitco NEWS