University of Michigan consumer sentiment, Fri Oct 23, 2026: gold before and after
Upcoming Release: Fri Oct 23, 2026, 10:00 ET (2026-10-23 14:00 UTC) ·
Also in this release: Revised UoM Inflation Expectations.
Before the release
What it is and why gold cares
The University of Michigan survey of consumer sentiment, published with consumers' inflation expectations for the next year and the next five years. The inflation part is the one the Fed watches most.
Calendar consensus before the release. Revised UoM Consumer Sentiment: consensus 46.3, previous 46.3.
| Line | Consensus | Previous |
|---|---|---|
| Revised UoM Consumer Sentiment | 46.3 | 46.3 |
| Revised UoM Inflation Expectations | n/a | 4.7% |
How gold reacted to past UoM sentiment releases
In the 1 past UoM sentiment release in our data since Oct 2026, gold futures moved a median of $4.6 (up or down) in the first 5 minutes and $6.5 after 30 minutes. The median high-to-low range in the first hour was $10.5, the largest $10.5. The direction of the first 5 minutes was still in place after 60 minutes in 1 of 1 cases. This describes past releases only, measured on our own 1-minute futures data.
| Release | 5-min move | 60-min move | 60-min range |
|---|---|---|---|
| Fri Oct 9, 2026 | -$4.6 | -$7.9 | $10.5 |
Where price sat before the release
At Fri Oct 16, 2026, 05:52 ET, gold futures traded at 4,203.0 GC (≈4,182 XAUUSD), above the previous day's value area (≈4,141 to ≈4,160 XAUUSD, 4,162.5 to 4,181.3 GC), above the daily VWAP (≈4,169 XAUUSD, 4,190.0 GC) and above the weekly VWAP (≈4,151 XAUUSD, 4,172.0 GC).
| Level | GC | XAUUSD | Distance | |
|---|---|---|---|---|
| Above | London high | 4,213.3 | ≈4,192 | +$10.3 |
| Above | Developing weekly VAH | 4,212.2 | ≈4,191 | +$9.2 |
| Above | Asia high | 4,207.9 | ≈4,187 | +$4.9 |
| Below | London low | 4,200.2 | ≈4,179 | -$2.8 |
| Below | Prev day high | 4,197.7 | ≈4,176 | -$5.3 |
| Below | Prev week VAH | 4,195.5 | ≈4,174 | -$7.5 |
Nearest reference levels from futures volume: above, Asia high at 4,207.9 GC (≈4,187 XAUUSD), $4.9 away; below, London low at 4,200.2 GC (≈4,179 XAUUSD), $2.8 away. These are levels to watch around the release, places where price reacted before; they are not forecasts.
Spreads and volatility
Around a release, spreads on XAUUSD CFDs often widen, prices can jump several dollars between two ticks and stop orders can fill far from their price. In past UoM sentiment releases the release minute alone had a median high-to-low range of $3.9.
Our futures recording missed part of this trading day before the release; developing levels use the minutes we have. XAUUSD equivalents use the GC to XAUUSD gap of -21.28 measured at that time; your broker's price can differ by a few dollars.
After the release
The after-analysis appears here about 70 minutes after the release: actual vs consensus, the measured move minute by minute, volume, big orders and which levels held.
Sources: Calendar: Forex Factory weekly feed (faireconomy.media); Actual values: FRED / ALFRED first prints and Federal Reserve statements; Prices, volume and delta: COMEX gold futures (GC) 1-minute data, AK Order Flow. Times are New York (ET); the release time is also shown in your time zone.
Education only. Not financial advice. Trading futures and CFDs carries a high risk of loss.