(Kitco News) - The gold market is coming off its post-payrolls lows after the latest data showed consumer sentiment in the U.S. improving beyond expectations, while inflation expectations ticked lower.The University of Michigan announced on Friday that the preliminary reading of its Consumer Sentiment survey for November was 51. The data was better than expectations, as the consensus forecast of economists called for a reading of 48, the same as October’s final reading.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.