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Consumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation in home prices along with fuel and energy, according to a New York Federal Reserve survey released Monday. The central bank’s New York district reported in its monthly Survey of Consumer Expectations that the outlook increased across ...
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Gold closed Friday above minor resistance at 2,353 cancelling the short-term corrective downtrend. However, it seems as if gold cannot gain upside traction and if the precious metal is breaking back below 2,303, the bearish corrective scenario is likely to resume with downside potential to the 0.786 retracement of the mid-March to mid-April uptrend at 2,207 ...