Consumer sentiment in the United States fell to a six-month low in November, according to data released today.

Figures from the University of Michigan´s index showed that the index dropped to 60.4 so far this month.

This is the lowest level that sentiment has declined to since May, and comes following October´s final reading of 63.8.

Following the report, the survey’s director Joanne Hsu stated that, "While current and expected personal finances both improved modestly this month, the long-run economic outlook slid 12%, in part due to growing concerns about the negative effects of high interest rates."

Gold prices fell to a 3-week low of $1,933 on the news.


Visit here to see raw, real-time ECN spreads

Trading any financial instrument on margin involves considerable risk. Therefore, before deciding to participate in margin trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney or accountant as to the appropriateness of an investment in margin trading is recommended. This electronic mail message is intended only for the person or entity named in the addressee field. This message contains information that is privileged and confidential. If you are not the addressee thereof or the person responsible for its delivery, please notify us immediately by telephone and permanently delete all copies of this message. Any dissemination or copying of this message by anyone other than the addressee is strictly prohibited.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD holds above 1.0800 ahead of US inflation data

EUR/USD holds above 1.0800 ahead of US inflation data

EUR/USD stays in positive territory above 1.0800 after registering its highest daily close in over a month on Tuesday. The data from the Eurozone showed that the GDP grew at an annual rate of 0.4% in Q1. Focus shifts to April inflation report from the US.

EUR/USD News

GBP/USD advances above 1.2600, all eyes on US CPI data

GBP/USD advances above 1.2600, all eyes on US CPI data

GBP/USD preserves its bullish momentum and trades at its highest level in nearly two weeks above 1.2600 in the European session on Wednesday. The US Dollar struggles to find demand and allows the pair to stretch higher ahead of April CPI and Retail Sales data from the US.

GBP/USD News

Gold climbs above $2,370 as US yields edge lower ahead of inflation data

Gold climbs above $2,370 as US yields edge lower ahead of inflation data

Gold extends its uptrend and trades above $2,370 in the European session on Wednesday after gaining nearly 1% on Tuesday. The benchmark 10-year US Treasury bond yield stays in the red below 4.5% ahead of US inflation data, helping XAU/USD keep its footing.

Gold News

Ethereum bears attempt to take lead following increased odds for a spot ETH ETF denial

Ethereum bears attempt to take lead following increased odds for a spot ETH ETF denial

Ethereum is indicating signs of a bearish move on Tuesday as it is largely trading horizontally. Its co-founder Vitalik Buterin has also proposed a new type of gas fee structure, while the chances of the SEC approving a spot ETH ETF decrease with every passing day.

Read more

US CPI data expected to show slow progress towards 2% target

US CPI data expected to show slow progress towards 2% target

The US Consumer Price Index is set to rise 3.4% YoY in April, following the 3.5% increase in March. Annual core CPI inflation is expected to edge lower to 3.6% in April. The inflation report could influence the timing of the Fed’s policy pivot.

Read more

Majors

Cryptocurrencies

Signatures