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 Record Gold Rally Hits Pause as U.S. Treasury Yields Climb READ MORE Gold’s ‘Record March Higher Set To Continue,’ Goldman Says READ MORE BlackRock Cautions Against Long-Term Bonds READ MORE The Latest Inflation Breakdown READ MORE Geopolitical Risks Cap Oil's Decline READ MORE Add a Comment Cancel replyYour email address will not be published.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