Signs of declining household mood in the United States are helping to keep gold’s attractiveness as a safe haven, as the precious metal remains stable in early Asian trading.On Tuesday, the Conference Board released its monthly poll, which revealed that expectations for future income, company, and labour market conditions fell to their lowest point in 12 years. Furthermore, “ongoing trade tensions could dampen economic growth, supporting gold prices,” according to an email from Konstantinos Chrysikos of Kudotrade. The chief of customer relationship management also says that investors may keep an eye on economic statistics and developments regarding U.S. trade policy. The spot price of gold is $3,021.11/oz.
Signs of declining household sentiment in the United States support the gold steady – Market Talk
- Date: March 26, 2025
- Time: 5:50 AM
