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Gold holds near $4,000 as US consumer sentiment steadies but inflation expectations rise.

Market News
23 Oct 2026
Kitco
View Source
Neutral
Gold holds near $4,000 as US consumer sentiment steadies but inflation expectations rise.

Gold prices remain near the $4,000 support level following the University of Michigan's October Consumer Sentiment report, which showed sentiment steady at 48, slightly better than expected. Despite stable consumer sentiment, inflation expectations for the year ahead rose to 4.7%, the highest since May, signaling growing concerns about future price increases. The data reflects mixed consumer views with improved business conditions but declining buying conditions for durable goods due to higher interest rates. This combination keeps gold prices supported as investors watch inflation trends closely.

Gold price near $4,000/oz and inflation expectations rising, with Pluang market data as of Oct 23, 2026 20:41 WIB: out of 150 priced US stocks, 38 rose and 112 fell. Notable movers include DAL at USD 76.51 with a -3.47% change and 100% buy order activity, CCL at USD 26.18 down -3.31% with 63% buy activity, and VZ at USD 43.72 down -3.27% with 63% sell activity. The most notable figure is the 100% buy order activity on DAL.

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