Gold breaks above $4,130/oz after final Consumer Sentiment drops to 53.6 in October | Metals Mine

  • Gold breaks above $4,130/oz after final Consumer Sentiment drops to 53.6 in October

    From kitco.com

    The gold market shot back into positive territory ahead of the weekend after the latest data showed consumer sentiment in the U.S. declining, while longer-term inflation expectations rose higher once again. The University of Michigan announced on Friday that the final reading of its Consumer Sentiment survey for October was 53.6. The data was worse than expectations, as the consensus forecast of economists called for a reading of 55, the same as the preliminary number, and it was also below September’s final reading of 55.1. “A modest increase in sentiment among younger consumers was offset by decreases among ... (full story)

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