Gold prices benefited from a weaker US dollar and subdued Treasury yields, supported by Fed Chair Powell’s projection of declining US inflation and the unlikelihood of interest rate hikes.
Retail sales data may impact gold prices. Lower CPI could boost gold; higher CPI may increase interest rate hold, affecting the US dollar and precious metals.
Chinese market and central bank demand also impact gold prices amid potential inflation outcomes. Market sentiment sensitive to economic data releases and central bank policy shifts.
#gold-prices #us-dollar #treasury-yields #inflation-outlook #interest-rates #fed-chair-powell #retail-sales #cpi #market-sentiment #central-banks #chinese-market
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