The gold market is not finding much traction even as U.S. consumers expect inflation pressures to remain elevated through 2022, according to the latest University of Michigan Consumer Sentiment Survey. The preliminary survey results show that consumer sentiment dropped to 68.8, down from December’s reading of 70.0. However, according to some market analysts, the survey’s inflation expectations is garnering the most attention. The report said that one-year inflation expectations rose to 4.9%, up from December’s reading of 4.8%. Meanwhile, 5 to 10-year inflation expectations rose to 3.1% up from 2.9%. Inflation data ... (full story)