Gold rebounds as retail sales miss offsets oil-driven inflation risk

Spot gold and silver are up in early U.S. trading Friday after July retail sales unexpectedly fell, strengthening the view that the Fed is closer to holding rates steady in September. The weaker consumer data shifts expectations toward a less-hawkish Fed path, supporting metals. Overall, the move is market-relevant but not broadly systemic.

Analysis

Spot gold and silver are up in early U.S. trading Friday after July retail sales unexpectedly fell, strengthening the view that the Fed is closer to holding rates steady in September. The weaker consumer data shifts expectations toward a less-hawkish Fed path, supporting metals. Overall, the move is market-relevant but not broadly systemic.