Retail Sales in the US outperformed expectations. Economists at TD Securities analyze Gold’s outlook following the data. Traders continue to sell into
Gold prices are coming under further pressure as Retail Sales data surprised to the upside, following the better-than-expected CPI data on Wednesday.
Traders continue to sell into the soft-landing theme amid fears of higher-for-longer rates. In this sense, the continued upside data surprises will further strengthen and compound these fears and keep the precious metals complex on the back foot.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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