U.S. Retail Sales Rise 0.6% in August, Beating Expectations
U.S. retail sales rose 0.6% in August, outpacing forecasts and signaling resilient consumer demand. However, concerns over a cooling labor market and inflation continue β¦
π Decline: -0.36% (-$13.07)
π° Current Ounce Price (28g): $3,646.47
24K: $117.24
22K: $107.47
21K: $102.58
20K: $97.70
18K: $87.93
50g (24K): $5,861.83
100g (24K): $11,723.66
1kg (24K): $117,236.60
Global gold prices recorded a slight decline today, with the ounce falling by $13.07 (-0.36%).
This dip comes as the U.S. dollar remains strong and market expectations for interest rates continue to shape investor sentiment.
Despite the minor drop, gold continues to serve as a safe-haven asset amid global economic uncertainty and geopolitical tensions, keeping long-term demand resilient.
β¨ Stay updated with daily global gold market insights on Latest101.
U.S. retail sales rose 0.6% in August, outpacing forecasts and signaling resilient consumer demand. However, concerns over a cooling labor market and inflation continue β¦
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