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Housing Slows, Inflation Fears Grow: Consumers Lose Confidence

Published: 05-20-2025, 04:20 pm | Updated: 05-20-2025, 10:05 am

U.S. single-family housing starts and building permits fell in April, signaling weakness in the residential construction sector.

At the same time, consumer sentiment dropped to a six-month low as Americans braced for a resurgence in inflation.

The data underscores growing unease about the economy’s trajectory and the Fed’s ability to maintain price stability.

These concerns could drive further investor interest in gold as a hedge against inflation and economic volatility.

Original Source: Reuters

Australian Gold Kangaroo coin standing on edge against an open legal volume, representing Perth Mint's statutory guarantee
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