Consumer sentiment weakest since August 2009

Consumer sentiment unexpectedly worsened in early September to its weakest level in more than a year, as distress over jobs and finances intensified among upper-income families, a survey released on Friday showed.

Consumer expectations have breached August 2009 swing low. This brings the February 2009 low into play by 2012. Consumer Expectation and the price of gold are highly inversely correlated. That is, as consumer expectations declines, the price gold rises.

University of Michigan Consumer Expectations (CE) and Gold: A Correlation Study