Housing Slows, Inflation Fears Grow: Consumers Lose Confidence

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.