U.S. data came in above expectations:
▪️Producer prices: 1.3% vs. 0.6%
▪️Core: 0.7% vs. 0.3%
▪️Retail sales: 0.8% vs. 0.3%
This fuels concerns that interest rates will remain high, and could support the dollar and bond yields while putting pressure on #Nasdaq and #gold. Yield movements will confirm this.
$XAUT
▪️Producer prices: 1.3% vs. 0.6%
▪️Core: 0.7% vs. 0.3%
▪️Retail sales: 0.8% vs. 0.3%
This fuels concerns that interest rates will remain high, and could support the dollar and bond yields while putting pressure on #Nasdaq and #gold. Yield movements will confirm this.
$XAUT