U S Retail Sales

Gold found support as softer U.S. retail sales reduced expectations for another Federal Reserve rate hike, weakening the U.S. dollar and Treasury yields. Silver is also firming, though concerns over industrial demand could complicate its path toward key resistance.

Gold pushed higher as traders responded to a weaker U.S. dollar following disappointing U.S. Retail Sales data. Silver remained capped below a key resistance zone, while platinum rebounded as buyers stepped in after the prior session’s sell-off.

Gold advanced as traders reacted to a weaker U.S. dollar following a disappointing Retail Sales reading. Silver continued to test major resistance, while platinum rebounded toward the $1750 area as dip buyers returned.