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Spot gold spikes to session high $4,048/oz after Consumer Confidence at 91.2 in June

From kitco.com

Gold prices are trading at session highs after the latest data showed a mixed picture for U.S. consumer sentiment this month. The Consumer Confidence Index rose to 91.2 in June, below economists’ consensus forecast for a 94.2 reading but above the downwardly revised 90.6 print from May, the Conference Board announced on Tuesday. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—fell by 3.0 points to 116.4. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—rose by 3.0 points to 74.4. The survey period ... (full story)

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  • Category: Fundamental Analysis