Quote of the day

“One unusual indicator of risk aversion among US consumers is the number of Google searches for “gold price” in the US. The Economist showed last year that this indicator is inversely correlated with consumer confidence. Google searches for the gold price peaked last August. In a sign of growing confidence internet searches for the gold price have fallen by 74% from last year’s peak.”

Ian Stewart
Chief Economist
Deloitte LLP

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