Gold price holds near high after preliminary Consumer Sentiment falls to 47.8, inflation expectations spike

U.S. Consumer Sentiment Slides on Higher Gas, Trade Tensions

The University of Michigan preliminary September sentiment index decreased to 47.8, from a final reading of 51.7 in August. The reading was below all estimates in a Bloomberg survey of economists. U.S. consumer sentiment fell in early September as higher gasoline prices and renewed trade tensions… The post U.S. Consumer The post U.S. Consumer Sentiment Slides on Higher Gas, Trade Tensions first appeared on Recruiting Headlines.

Gold price holds near high after preliminary Consumer Sentiment falls to 47.8, inflation expectations spike

By Ernest Hoffman – Kitco News The gold market is trading near session highs after the latest data showed consumer sentiment in the U.S. declining, with inflation expectations shooting higher. The University of Michigan announced on Friday that the preliminary reading of its Consumer Sentiment survey for September was 47.8. The data was far worse than expectations, as the consensus forecast of economists called for a reading of 51, and it was al…