Gold under pressure as improving U.S. consumer confidence limits safe-haven demand

Gold is still struggling to gain traction as markets brace for interest rates to stay unchanged for the foreseeable future. The metal may also face additional selling pressure as U.S. consumer sentiment continues to strengthen. The Conference Board said Tuesday that the Consumer Confidence Index rose to 92.8 in April. The reading beat economists' expectations for a decline to 89 and improved from February's downwardly revised 91.2. Source: Kitco