The Conference Board says consumer confidence has fallen to its lowest level since 2014. Gold rose after the release, as the survey exposed growing concern about both the economy and price pressures.
Gold ended the latest trading week under pressure from interest rates and the dollar. Wednesday’s US inflation release and Friday’s jobs report will provide fresh evidence for assessing the prospect of another Fed rate increase.
India is bringing physical bullion held for gold and silver ETFs into a common vaulting framework. Changes approved by SEBI raise vault managers’ minimum net worth by 50% and strengthen the separation of bullion held for different products and entities.