Gold prices remain under pressure as U.S. consumer confidence falls to 95.7 kitconews gold silver mining metals investing economics finance
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According to economists the sharp drop in consumer sentiment could have a major impact on consumption and weigh on the economy heading into year end. The report said that the drop in consumer optimism was due to a decline in the Present Situation Index, which fell to 141.3, down from June’s reading of 147.2. At the same time the Expectations Index dropped to 65.3, down from June’s reading of 65.8.
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