Bengaluru — Gold slipped on Wednesday as the dollar held near a one-week high on the back of better-than-expected retail sales data from the US, while investors waited for direction on interest rates from the US Federal Reserve.
The dollar index against a basket of six major currencies was effectively unchanged at 97.365 after gaining 0.5% the previous day following a rise in US retail sales numbers. The US currency held near a one-week high. Investors now await the Fed’s “Beige Book” later in the day for insight on how trade tensions are affecting the business outlook.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold holds steady as investor focus turns to US retail sales dataUS numbers, due later in the day, are expected to imply that retail sales edged up in June
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Gold slips on stronger dollarDollar index jump dents bullion's appeal after better-than-expected US retail sales data
Source: BDliveSA - 🏆 12. / 63 Read more »
Asian shares edge higher amid cautious tradeInvestors await US sales data as markets stay focused on likely US rate cut
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: Channel24 - 🏆 48. / 51 Read more »
US retail sales rise as households spend moreHike of 0.4% in June beats analysts’ forecast of 0.1%
Source: BDliveSA - 🏆 12. / 63 Read more »