COMMODITY
Gold futures end higher following disappointing US retail sales data
Oct-17-2019

Gold futures ended higher on Wednesday after the release of disappointing US retail sales data and buoyed the yellow metal investments. The Commerce Department said retail sales fell by 0.3 percent in September after climbing by an upwardly revised 0.6 percent in August. Besides, weaker US currency lifted dollar denominated bullion.

Gold futures for December settled up 0.7% to $1,494.00 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.5% to $1,488.84 per ounce.

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