US LEI Decline Sparks Market Uncertainty Amid Recession Concerns

A significant decline in the US Leading Economic Index (LEI) for March has raised concerns about a potential recession, leading to heightened market caution and volatility. The index fell by 0.7%, marking the steepest drop since October 2023 and signaling increased economic risks. This decline follows other data points suggesting a weakening economy, including recent gold price surges, which have been attributed to investors seeking safe-haven assets during uncertain times.