Gold inches down as strong U.S. retail sales lift dollar
Wednesday, 17 July 2019
Gold prices edged lower on Wednesday, but still held above the pyschological $1,400 level, as the dollar gained after robust U.S. retail sales tempered fears of a sharp downturn in the world's largest economy.
Credit: The Street - Published
on July 16, 2019 < > Embed
U.S. retail sales increased more than expected in June 2019 at 0.4%, economists expected it to be 0.1% in June. The growth in retail sales point to a consumer-driven U.S. economy. How does the diamond industry play into this? Debbie Azar, President and Co-founder of the Gemological Science... Diamonds are Forever: A Look at Retail Sales 01:00
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