{"id":113447,"date":"2024-02-16T09:24:29","date_gmt":"2024-02-16T09:24:29","guid":{"rendered":"https:\/\/kinesis.money\/?p=113447"},"modified":"2024-02-16T09:24:31","modified_gmt":"2024-02-16T09:24:31","slug":"gold-price-higher-weak-us-retail-sales","status":"publish","type":"post","link":"https:\/\/kinesis.money\/fr\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/","title":{"rendered":"Gold Price News: Gold Edges Back Above $2,000 On Weak US Retail Sales"},"content":{"rendered":"\n

Gold prices ticked higher on Thursday to trade back above the $2,000 an ounce mark, after US sales figures cast doubts on the strength of the economy.<\/p>\n\n\n\n

Prices climbed as high as $2,008 an ounce by Thursday afternoon, following a relatively stable day on Wednesday in which prices moved a few cents either side of $1,990 an ounce. Gold\u2019s stronger performance on Thursday follows a sharp drop on Tuesday when prices crashed from nearly $2,030 an ounce.<\/p>\n\n\n

\n
\"gold
Kinesis gold (KAU) price – $\/g – from the Kinesis Exchange<\/figcaption><\/figure>\n<\/div>\n\n\n

Monthly US retail sales figures came out on Thursday showing a 0.8% drop in January, much lower than the market\u2019s expected 0.1% drop. The figures pointed to a weaker-than-expected US economy last month, in turn raising pressure on the US Fed to lower interest rates \u2013 a bullish outcome for precious metals prices.<\/p>\n\n\n\n

The US dollar also fell in value against other major currencies on Wednesday and Thursday, naturally boosting dollar-denominated gold prices as it makes the precious metal cheaper to buy for buyers using other currencies.<\/p>\n\n\n\n

That said, the macroeconomic picture was somewhat mixed as separate weekly US initial jobless claims on Thursday came in below market expectations. Overall, the gold market appeared to pay more attention to the US retail sales figures which provided moderate support for prices.<\/p>\n\n\n\n

Looking ahead, eyes will be on Friday\u2019s monthly US producer prices index for January as well as the Michigan Consumer Sentiment figures for February, for the latest update on economic conditions.<\/p>\n\n\n\t\t\t

\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t

Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights<\/a>\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
\n<\/i><\/p>\n

Read our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Gold prices ticked higher on Thursday to trade back above the $2,000 an ounce mark, after US sales figures cast doubts on the strength of the economy.<\/p>\n","protected":false},"author":50,"featured_media":113475,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[215],"tags":[],"class_list":["post-113447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"acf":[],"yoast_head":"\nGold Price News: Gold Above $2,000 On Weak US Retail Sales<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' gold news analysis for today, Friday 16th of February 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Price News: Gold Edges Back Above $2,000 On Weak US Retail Sales\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' gold news analysis for today, Friday 16th of February 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-16T09:24:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-16T09:24:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Frank Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"Discover Kinesis' gold news analysis for today, Friday 16th of February 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Gold Price News: Gold Edges Back Above $2,000 On Weak US Retail Sales\",\"datePublished\":\"2024-02-16T09:24:29+00:00\",\"dateModified\":\"2024-02-16T09:24:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/\"},\"wordCount\":257,\"image\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png\",\"articleSection\":[\"Gold News\"],\"inLanguage\":\"fr-FR\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/kinesis.money\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/\",\"url\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/\",\"name\":\"Gold Price News: Gold Above $2,000 On Weak US Retail Sales\",\"isPartOf\":{\"@id\":\"https:\/\/kinesis.money\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png\",\"datePublished\":\"2024-02-16T09:24:29+00:00\",\"dateModified\":\"2024-02-16T09:24:31+00:00\",\"author\":{\"@id\":\"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52\"},\"description\":\"Discover Kinesis' gold news analysis for today, Friday 16th of February 2024, from leading precious metals analyst Frank Watson.\",\"breadcrumb\":{\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#primaryimage\",\"url\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png\",\"contentUrl\":\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png\",\"width\":960,\"height\":529,\"caption\":\"gold edges above 2000 dollars per ounce\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/kinesis.money\/fr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold Price News: Gold Edges Back Above $2,000 On Weak US Retail Sales\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kinesis.money\/#website\",\"url\":\"https:\/\/kinesis.money\/\",\"name\":\"Kinesis\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/kinesis.money\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52\",\"name\":\"Frank Watson\",\"description\":\"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0\",\"jobTitle\":\"Precious Metals Market Analyst\",\"url\":\"https:\/\/kinesis.money\/fr\/author\/frankwatson\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gold Price News: Gold Above $2,000 On Weak US Retail Sales","description":"Discover Kinesis' gold news analysis for today, Friday 16th of February 2024, from leading precious metals analyst Frank Watson.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"fr_FR","og_type":"article","og_title":"Gold Price News: Gold Edges Back Above $2,000 On Weak US Retail Sales","og_description":"Discover Kinesis' gold news analysis for today, Friday 16th of February 2024, from leading precious metals analyst Frank Watson.","og_url":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/","og_site_name":"Kinesis","article_published_time":"2024-02-16T09:24:29+00:00","article_modified_time":"2024-02-16T09:24:31+00:00","og_image":[{"width":960,"height":529,"url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png","type":"image\/png"}],"author":"Frank Watson","twitter_card":"summary_large_image","twitter_description":"Discover Kinesis' gold news analysis for today, Friday 16th of February 2024, from leading precious metals analyst Frank Watson.","twitter_misc":{"\u00c9crit par":"Frank Watson","Dur\u00e9e de lecture estim\u00e9e":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#article","isPartOf":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/"},"author":{"name":"Frank Watson","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"headline":"Gold Price News: Gold Edges Back Above $2,000 On Weak US Retail Sales","datePublished":"2024-02-16T09:24:29+00:00","dateModified":"2024-02-16T09:24:31+00:00","mainEntityOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/"},"wordCount":257,"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png","articleSection":["Gold News"],"inLanguage":"fr-FR","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/kinesis.money\/#organization"}},{"@type":"WebPage","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/","url":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/","name":"Gold Price News: Gold Above $2,000 On Weak US Retail Sales","isPartOf":{"@id":"https:\/\/kinesis.money\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#primaryimage"},"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png","datePublished":"2024-02-16T09:24:29+00:00","dateModified":"2024-02-16T09:24:31+00:00","author":{"@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"description":"Discover Kinesis' gold news analysis for today, Friday 16th of February 2024, from leading precious metals analyst Frank Watson.","breadcrumb":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#primaryimage","url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png","contentUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png","width":960,"height":529,"caption":"gold edges above 2000 dollars per ounce"},{"@type":"BreadcrumbList","@id":"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-price-higher-weak-us-retail-sales\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kinesis.money\/fr\/"},{"@type":"ListItem","position":2,"name":"Gold Price News: Gold Edges Back Above $2,000 On Weak US Retail Sales"}]},{"@type":"WebSite","@id":"https:\/\/kinesis.money\/#website","url":"https:\/\/kinesis.money\/","name":"Kinesis","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kinesis.money\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Person","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52","name":"Frank Watson","description":"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0","jobTitle":"Precious Metals Market Analyst","url":"https:\/\/kinesis.money\/fr\/author\/frankwatson\/"}]}},"post_thumbnails":{"large":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/02\/gold-news-feature-image-Gold-Edges-Back-Above-2000-On-Weak-US-Retail-Sales.png","small":null},"_links":{"self":[{"href":"https:\/\/kinesis.money\/fr\/wp-json\/wp\/v2\/posts\/113447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kinesis.money\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kinesis.money\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kinesis.money\/fr\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/kinesis.money\/fr\/wp-json\/wp\/v2\/comments?post=113447"}],"version-history":[{"count":0,"href":"https:\/\/kinesis.money\/fr\/wp-json\/wp\/v2\/posts\/113447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kinesis.money\/fr\/wp-json\/wp\/v2\/media\/113475"}],"wp:attachment":[{"href":"https:\/\/kinesis.money\/fr\/wp-json\/wp\/v2\/media?parent=113447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kinesis.money\/fr\/wp-json\/wp\/v2\/categories?post=113447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kinesis.money\/fr\/wp-json\/wp\/v2\/tags?post=113447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}