Gold prices holding solid gains as U.S. consumer confidence falls to 100.2 in November
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American consumer confidence index fell to 100.2 in November, down from October’s reading of 102.5, the U.S. Conference Board reported Tuesday. Economists were expecting to see the index at 100. Not only do U.S. consumers see weaker economic growth in the U.S. but they also expect inflation to remain persistently high. The report said that one-year inflation expectations rose to 7.2%, up from the previous reading at 6.9%.
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