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Gold prices rise as U.S. consumer confidence drops sharply in September amid economic concerns.

Market News
29 Sep 2026
Kitco
View Source
Bullish
Gold prices rise as U.S. consumer confidence drops sharply in September amid economic concerns.

Gold prices hit session highs following a significant decline in U.S. consumer confidence for September, with the Consumer Confidence Index falling to 81.9, below expectations. The Present Situation Index and Expectations Index both dropped, reflecting worsening views on current business conditions and future economic outlooks, including labor market and income expectations. Rising inflation concerns and anticipated higher interest rates contributed to the negative sentiment. This decline signals growing economic uncertainty, which typically boosts gold as a safe-haven asset.

Gold price movement is the subject, with Pluang market data providing context. As of Sep 29, 2026 21:15 WIB, out of 150 US stocks priced on Pluang, 75 rose and 73 fell. Notable movers include RCL at USD 258.84 with a 1-day change of +6.70%, FCEL at USD 17.22 with +6.69%, and CVNA at USD 64.28 with +6.25%.

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