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- Gold Price Forecast: XAU/USD coming under further pressure as Retail Sales surprised to the upside – TDS
Gold Price Forecast: XAU/USD coming under further pressure as Retail Sales surprised to the upside – TDS
Retail Sales in the US outperformed expectations. Economists at TD Securities analyze Gold’s outlook following the data.
Traders continue to sell into the soft-landing theme
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.
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