{"id":1303,"date":"2026-08-14T19:33:33","date_gmt":"2026-08-14T19:33:33","guid":{"rendered":"https:\/\/goontrading.com\/en\/spot-gold-nears-4400-oz-after-preliminary-consumer-sentiment-falls-to-51-one-year-inflation-expectations-rise\/"},"modified":"2026-08-14T19:33:33","modified_gmt":"2026-08-14T19:33:33","slug":"spot-gold-nears-4400-oz-after-preliminary-consumer-sentiment-falls-to-51-one-year-inflation-expectations-rise","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/spot-gold-nears-4400-oz-after-preliminary-consumer-sentiment-falls-to-51-one-year-inflation-expectations-rise\/","title":{"rendered":"Spot gold\u00a0nears $4,400\/oz\u00a0after\u00a0preliminary\u00a0Consumer Sentiment\u00a0falls\u00a0to\u00a051, one-year inflation expectations\u00a0rise"},"content":{"rendered":"

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\"Spot<\/p>\n

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(Kitco News) – The gold market is trading\u00a0near session highs\u00a0after the latest data showed consumer sentiment in the U.S.\u00a0declining, with shorter-term inflation expectations\u00a0ticking higher.<\/p>\n

The University of Michigan announced on Friday that the\u00a0preliminary\u00a0reading of its Consumer Sentiment survey for\u00a0August\u00a0was\u00a051. The data was\u00a0worse than\u00a0expectations, as the consensus forecast of economists called for a reading of\u00a054.5. It was also\u00a0significantly lower than\u00a0July\u2019s final reading of\u00a055.2.<\/p>\n

\u201c\ufeffConsumer sentiment fell about 8% this August, ending two consecutive months of improvement,\u201d said Surveys of Consumers Director Joanne Hsu. \u201cWhile views of personal finances saw only minor declines, expected business conditions sank 11% for the short run and 17% for the long run. Decreases in sentiment were seen across the political spectrum, with Republicans exhibiting the strongest month-to-month decline in August. Sentiment among Republicans is now 19% below readings just prior to the Iran conflict and the lowest since the 2024 election.\u201d<\/p>\n

\u201cAlthough the early-month weakening in sentiment was pervasive across various demographic groups, notably large reductions were seen among older consumers, lower-income consumers, and those without a college degree,\u201d she added. \u201cThese groups are all particularly vulnerable to any erosion of purchasing power stemming from inflation. Across all consumers, only 8% expect their income growth to exceed inflation in the year ahead, down from 18% in December 2024, a reflection of the belief that high prices will continue to be burdensome.\u201d<\/p>\n

Spot gold was approaching its session high as it attempted to reclaim the $4,400 per ounce level after the 10 am ET data release, and last traded at $4,389.03 per ounce for a gain of 0.87% on the day.<\/p>\n

\"article<\/span><\/span><\/p>\n

The\u00a0August\u00a0index showed\u00a0a rise in year-ahead inflation expectations, while longer-run expectations held steady, and both remained above historical averages.<\/p>\n

\u201cYear-ahead inflation expectations ticked up from 4.2% in July to 4.3% this month,\u201d Hsu wrote. \u201cThe current reading substantially exceeds the 3.4% seen in February before the Iran conflict began, along with all 2024 readings. Long-run inflation expectations held steady at 3.3% for the third consecutive month, remaining a bit higher than its 2024 range of 2.8% to 3.2%.\u201d<\/p>\n<\/div>\n

Kitco.com<\/p>\n","protected":false},"excerpt":{"rendered":"

\u26a1 Trade with Ultra-Low Spreads on IC Markets! \u2794 [Link] \ud83c\udf81 Get Your Exclusive XM Deposit Bonus Now! \u2794 [Link] \ud83d\udca1 Master the Markets with FXTM Copy Trading \u2794 [Link] (Kitco News) – The gold market is trading\u00a0near session highs\u00a0after the latest data showed consumer sentiment in the U.S.\u00a0declining, with shorter-term inflation expectations\u00a0ticking higher. The …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1303","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=1303"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1303\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}