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Gold Awaits Retail Sales Data with Bated Breath

Published on Jun 18, 2024 14:10

Gold futures are in a holding pattern in Asia today as traders exercise caution ahead of crucial retail sales data due later. This week is packed with significant economic releases, including Thursday`s jobless claims and Friday`s flash PMIs, all providing valuable insights into consumer spending and economic health. Additionally, market participants are tuned in for remarks from Fed officials like New York`s John Williams and Richmond`s Tom Barkin. The dollar index remains steady at 105.4 as investors look for more US economic data to refine interest rate predictions. Meanwhile, MCX August bullion futures dipped slightly to Rs 71,319 per 10 grams, down by Rs 131.

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