The US CPI data for July was better than expected The US dollar rebounded after an intraday correction Gold fell back, hovering on the $1,900 line

The US CPI data for July was better than expected

The US dollar rebounded after an intraday correction

Gold fell back, hovering on the $1,900 line

The US dollar index remained flat on Wednesday after data showed that retail sales in the United States increased faster than expected in July; Gold prices have stabilized, boosted by a pullback in the US dollar, despite expectations that the Federal Reserve may maintain high-interest rates for an extended period of time after strong US data releases, keeping gold prices near six-week lows.

Gold prices stabilized on Tuesday, boosted by a pullback in the US dollar, despite expectations that the Federal Reserve may maintain high-interest rates for an extended period of time after strong US data releases, keeping gold prices near six-week lows. The US Department of Commerce stated on Tuesday that retail sales in the United States increased by 0.7% in July, indicating that the US economy continued to expand in the early third quarter.