Gold price holding solid gains as U.S. consumer confidence falls to 104.7

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Gold price holding solid gains as U.S. consumer confidence falls to 104.7
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The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

Tuesday, the U.S. Conference Board said its Consumer Confidence Index dropped to 104.7 in March, roughly unchanged from February’s downwardly revised reading of 104.8. The data was weaker than expected, as economists were forecasting an increase of 106.9. The report said that consumers remain fairly optimistic on the current health of the economy; however, they remain concerned for the future and shows recession fears remain. The report said that the Present Situation Index increased to 151.0 in March, up from 147.6 in February. However, the Expectations Index fell to 73.8, down from 76.3 last month.

has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.

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