(Kitco News) - The gold market continues to trade near session lows and is seeing little demand as a safe-haven asset even as consumer optimism falls more than expected in September.
The Conference Board said on Tuesday its consumer confidence index fell to 103. this month, up from August’s revised reading of 108.7. The data came in weaker than expected as consensus estimates looked for a decline to 105.5.
The gold market continues to struggle, ignoring the latest disappointing economic data, as the U.S. dollar and 10-year bond yields consolidate at elevated levels. December gold futures last traded at $1,925 an ounce, down 0.60% on the day.
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