Gold Prices Fell On After Better Than Expected U.S. Retail Sales Data

Gold trading range for the day is 34587-35059.

Gold prices fell on after better-than-expected U.S. retail sales data lowered expectations of an aggressive interest rate cut by the U.S. Federal Reserve, boosting the dollar.

The U.S Commerce Department said retail sales rose 0.4% last month as households stepped up purchases of motor vehicles and a variety of other goods.

U.S. Treasury Secretary Steven Mnuchin said he and U.S. Trade Representative Robert Lighthizer would speak with their Chinese counterparts by phone again this week.

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