Gold price trades near $4,000/oz after final Consumer Sentiment holds steady at 48, inflation expectations rise

(Kitco News) - The gold market is trading near key support after the latest data showed consumer sentiment in the U.S. holding steady, while inflation expectations rose higher.The University of Michigan announced on Friday that the final reading of its Consumer Sentiment survey for October was 48. The data was better than expectations, as the consensus forecast of economists called for a reading of 46.3, the same as the preliminary reading, and it was also just below September’s final reading of 48.1.