Retail sales rose 0.7% month-on-month (m/m) in November, an acceleration from the upwardly revised October’s gain of 0.5%, and ahead of the consensus forecast calling for an increase of 0.6% m/m. Much of the last month’s growth in retail trade was due to a sizeable increase in sales of vehicles and parts, which rose by […]
Gold price rose during early trading on Wednesday, after being stuck within a narrow congestion in past three days. Fresh strength hit the highest in almost two weeks, though the wider picture shows the price moving within larger range ($2368/$2286) for the past couple of weeks. Traders look for fresh direction signals, with Fed monetary […]
The post XAU/USD outlook: Gold Price Rises Ahead of Key Economic Data But Still Holding Within Broader Range appeared first on Action Forex.
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