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(Kitco News) – The gold market is struggling to attract some buying momentum with prices below $ 1,900 even as US consumer sentiment declines in December ahead of the Christmas holidays.
The US consumer confidence index fell to 88.6 in December, from 92.9 in November, reported Tuesday by the US Conference Board. Economists expected to see the index at a reading of 97.1.
Gold prices remain pretty much unchanged that day, seeing little reaction to weaker than expected economic data. February gold futures traded last at $ 1,880.40 an ounce.
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