Gold Slips Before U.S. Retail Sales Data, Fed Speeches
Tuesday, 16 July 2019 09:28 WIB | PRECIOUS METALS |GOLDEMAS
Gold retreated ahead of U.S. economic data and potential commentary on monetary policy from a slew of Federal Reserve officialsscheduled to speak this week.
Traders will be looking to U.S. retail sales due Tuesday for clues on the health of the economy, one day after China showed signs that a stabilization is emerging following the weakest pace of growth since quarterly data began in 1992.
While markets are expecting the Fed to lower interest rates at its July 30-31 meeting, the debate now is how deep they will cut and what will they do afterward.
Spot gold -0.1% to $1,412.23/oz at 9:10am in Singapore, after -0.1% on Monday.
Source : Bloomberg
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