The increase in retail sales data in the US has lowered the price of the ounce of gold.

◻️The fact that August retail sales data in the US increased by 0.1% contrary to expectations caused the ounce of gold to fall. Expectations were that sales would decrease by 0.2%.

◼️The decrease in gold was limited as the increase in sales excluding automobiles and fuel oil remained below expectations.

◻️The ounce of gold is trading at $2575.83, down 0.27%. Markets are waiting for the interest rate decision to be made at the FOMC meeting that started today and will end tomorrow.

✒️Ekotürk