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Economic indicator
Consumer confidence is an economic indicator that measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. If the consumer has confidence in the immediate and near future economy and their personal finance, then the consumer will spend more than save.
More on Wikipedia ↗(Kitco News) - Gold prices are trading at session highs after the latest data painted a worsening picture of U.S. consumer sentiment this month.The Consumer Confidence Index fell to 81.9 in September, below economists’ consensus forecast for a 89.2 reading and also below the downwardly revised 88.6 print from August,…