Gold price trades near $4,050/oz after preliminary Consumer Sentiment rises to 51, inflation expectations ease

(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.