Stocks rebounded from an early slide Tuesday as stronger consumer confidence boosted hopes for the economy.
The linkage of confidence and the wealth effect is byproduct of the consumption driven economy. Rather than chasing market driven commentary, you should be asking what does the rebound in confidence mean for gold? The consumer expectations and gold commentary indicates that contrary to expectations that rising confidence will setup the next advance.
Source: finance.yahoo.com
0 comments:
Post a Comment