Gold Rises to Near US$4,400 as Weak Retail Data Weighs on U.S. Dollar

Gold rises to near US$4,400 as weak retail data weighs on U.S. dollar

Gold extended a two-week advance as weaker U.S. retail sales data weighed on the U.S. dollar.

Gold Rises to Near $4,400 as Weak Retail Data Weighs on Dollar

Gold extended a two-week advance as weaker US retail sales data weighed on the US dollar, making bullion cheaper for most buyers.

Dollar Falls on Weak US Retail Sales and Consumer Sentiment Reports - TradingView

.rssg-titlesonly { border-bottom: 1px solid #dadada; margin-bottom: 20px; padding-bottom: 20px; } .rssg-title { font-size: large; font-weight: 700; line-height: 1.2; margin-bottom: 3px; } .rssg-source-date { font-size: small; } Dollar Falls on Weak US Retail Sales and Consumer Sentiment Reports - TradingView • August 17, 2026, 9:28 am Hump Day: War And The FOMC - Seeking Alpha • August 17, 2026, 8:28 am

Gold and copper gain support from stronger market fundamentals

Gold and copper are both benefiting from market conditions that strengthen their near-term positioning, although the drivers are different. Gold is being supported by a weaker US dollar and fading expectations for an imminent Federal Reserve rate increase, while copper is gaining from low inventories and tighter mine supply. Gold traded close to $4,400 an ounce on Monday, with spot prices around $4,391.49 and December US gold futures at $4,448.4…

Gold rises towards two-month high of US$4,400 as weak US retail data weighs on US dollar

Volatility continued to shroud the global energy supply outlook, showing that the risk of monetary tightening has not gone away Read more at The Business Times.