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Gold falls after US PPI rise eclipses lower than expected US sales data

The latest US retail sales data was higher than last time, at +0.6%, but below the 0.8% rise forecast. However, the US PPI report was hotter than forecast and that has more than negated any disappointment from the sales data. At the same time the latest weekly claims numbers are better than forecast, at 209k. So, the dollar, which was edging higher into all this data, has further extended the gains versus Europe. The push higher in the USD/JPY has seen that lift closer to 148 once more and those higher US yields got a slight boost from that data and that has dented Gold. The metal dropped to a session low at $2,161.92 on thew back this. It has rebounded a bit off that low, but the fall back from an earlier session high at $2,177 has rather taken the wind out of its sails once again 

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