GXChain USD Price & Performance (GXCUSD)

The University of Michigan's Consumer Sentiment Index for March dropped sharply to 57.9, its lowest level in over two years. Inflation expectations also rose significantly, with one-year projections at 4.9% and five-year estimates reaching 3.9%. Analysts warn that declining confidence could dampen consumer spending, a key driver of U.S. economic activity.12

Gold's price movements remain volatile as geopolitical uncertainty and inflation fears weigh on markets. The metal recently failed to sustain levels above $2,924, with traders awaiting U.S. inflation data for further direction. Analysts suggest that rising tariff concerns could renew demand for gold as a safe-haven asset.34

The Mexican Peso gained ground against the U.S. Dollar, trading at 19.86, despite weaker-than-expected domestic industrial production figures. Analysts attribute the peso's rally to a decline in U.S. consumer confidence and a favorable global risk sentiment. However, Mexico's economic outlook remains subdued with regional contractions.15