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Gold price trades at $4,340/oz after retail sales rise 1.2% in August
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(Kitco News) - The gold market is trading near session highs after the latest data showed American consumers’ spending rising more than expected last month.U.S. retail sales rose 1.2% in August following an unrevised reading of -0.6% in July, the U.S. Commerce Department announced on Wednesday. The data was better than expectations, as the consensus of economists projected a 0.8% increase in August’s headline number. 
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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