Gold Prices Dip as Strong Retail Sales Data Reduces Likelihood of Fed Rate Cut The gold price (XAU/USD) is under pressure following the release of strong U.S. Retail Sales data for December, which exceeded expectations. Retail sales increased by 0.6%, surpassing the forecasted 0.4% and the previous month’s 0.3%. Excluding automobiles, sales rose by 0.4%, also exceeding predictions. This robust economic data reduces the likelihood of an interest rate cut by the Federal Reserve (Fed) in March. Further, a hawkish statement from Fed Governor Christopher Waller has raised doubts about a potential rate cut, as Fed policymakers favor keeping interest rates high, given the uncertainty about inflation returning to the 2% target. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver Demand Soars as Solar Power Industry Expands Globally READ MORE Argentina's $5 Billion Gold Gambit: Reserves Moved for Potential Collateral READ MORE The Growing Concern of Federal Debt in a Shifting Economy READ MORE Economist Warns of Imminent Recession as 19 States Show Rising Unemployment READ MORE Nobel Economists Unite: Trump's Policies Could Trigger Inflation Surge READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment