Spot gold at session highs after Consumer Sentiment ticks up to 49.8, one-year inflation expectations dip to 4.7%
The gold market is setting new highs after the latest data showed consumer sentiment in the U.S. improving, while one-year inflation expectations remained near their highest level since last year’s tariff shock.
The University of Michigan announced on Friday that the final reading of its Consumer Sentiment survey for April was 49.8. The data was better than expectations, as the consensus forecast of economists called for a hold at the preliminary reading of 47.6, but it was well below March’s final reading of 53.3.
“Consumer sentiment ticked down 3.5 index points this month, now comparable to the trough seen in June 2022,” said Surveys of Consumers Director Joanne Hsu. “Decreases in sentiment were seen across political party, income, age, and education. Expected business conditions declined for both short and long time horizons, nearly matching year-ago readings when the reciprocal tariff regime was implemented.” …
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Spot gold at session highs after Consumer Sentiment ticks up to 49.8
