Gold price shoots to session high $4,171/oz after Consumer Confidence drops to 81.9 - Kitco
Source: Kitco
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DW NOTE
Consumer confidence at 81.9 means Americans are more pessimistic than at any point since 2021 — yet gold is off 22% from January's high. Real rates above 2% matter more than sentiment surveys when the Fed is tightening into a supply shock.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com
Gold retreats on stronger dollar; traders brace for Fed - Kitco
The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu