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Gold prices rise as US consumer sentiment drops and inflation fears grow

Market News
11 Sep 2026
Kitco
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Bullish
Gold prices rise as US consumer sentiment drops and inflation fears grow

US consumer sentiment fell sharply in September to 47.8, below expectations and August's 51.7, driven by rising inflation worries and economic pressures like fuel prices and trade tensions. Inflation expectations for the year ahead jumped to 4.6%, the highest since June, pushing gold prices up 1.68% to $4,389.43 per ounce. This decline in sentiment and rise in inflation fears suggest consumers expect tougher financial conditions ahead, supporting gold as a safe haven asset.

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