Gold Prices Struggle as US Retail Sales, Consumer Confidence Data Approach

Gold Prices Struggle as US Retail Sales, Consumer Confidence Data Approach https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2022/01/14/Gold-Prices-Struggle-as-US-Retail-Sales-Consumer-Confidence-Data-Approach.html Gold prices struggled to capitalize as the US CPI report knocked back the Dollar. The spotlight now turns to retail sales and consumer confidence data, with the Fed outlook in view.

About Post Author

anycurrency

anycurrency@outlook.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

DailyFX - Market News FX

USD/JPY treads water above 155.00 as BoJ reinforces gradual tightening path 2 February 2026

USD/JPY holds ground after three days of gains, trading around 155.20 during the Asian hours on Monday. The upside of the pair could be limited as the Japanese Yen (JPY) remains calm following the Bank of Japan’s (BoJ) January Summary of Opinions.

China’s RatingDog Manufacturing PMI rises to 50.3 in January, as expected 2 February 2026

China's RatingDog Manufacturing Purchasing Managers' Index (PMI) rose to 50.3 in January from 50.1 in December, the latest data published by RatingDog showed on Monday. This figure came in line with the expectation.

China RatingDog Manufacturing PMI meets forecasts (50.3) in January 2 February 2026

China RatingDog Manufacturing PMI meets forecasts (50.3) in January

GBP/USD holds steady near 1.3700 as markets assess Warsh's Fed outlook 2 February 2026

The GBP/USD pair trades on a flat note near 1.3695 during the early Asian session on Monday. Traders weigh what a Federal Reserve (Fed) under Kevin Warsh might look like. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday.

EUR/USD stays below 1.1850 as Fed policy signals weigh on sentiment 2 February 2026

EUR/USD edges modestly higher after opening with a downside gap, trading near 1.1840 during Monday’s Asian session.

PBOC sets USD/CNY reference rate at 6.9695 vs. 6.9678 previous 2 February 2026

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9695 compared to the previous day's fix of 6.9678 and 6.710 Reuters estimate.

US President Donald Trump: Hopefully we will make a deal with Iran 2 February 2026

US President Donald Trump said over the weekend that the United States (US) will "hopefully" make a deal with Iran after Supreme Leader Ayatollah Ali Khamenei warned of a regional conflict if Washington attacked.

Australia ANZ Job Advertisements increased to 4.4% in January from previous -0.5% 2 February 2026

Australia ANZ Job Advertisements increased to 4.4% in January from previous -0.5%

Japan Jibun Bank Manufacturing PMI meets expectations (51.5) in January 2 February 2026

Japan Jibun Bank Manufacturing PMI meets expectations (51.5) in January

South Korea S&P Global Manufacturing PMI climbed from previous 50.1 to 51.2 in January 2 February 2026

South Korea S&P Global Manufacturing PMI climbed from previous 50.1 to 51.2 in January

OPEC+ agrees to keep oil output unchanged for March 2 February 2026

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to keep its oil output unchanged for March at a meeting on Sunday. The group announced that the next meeting will take place on March 1.

BoJ Summary of Opinions: Members see further rate hikes if outlook materializes 2 February 2026

The Bank of Japan (BoJ) published the Summary of Opinions from the January monetary policy meeting, with the key findings noted below.

Australia TD-MI Inflation Gauge (YoY) increased to 3.6% in January from previous 3.5% 2 February 2026

Australia TD-MI Inflation Gauge (YoY) increased to 3.6% in January from previous 3.5%

Australia TD-MI Inflation Gauge (MoM) dipped from previous 1% to 0.2% in January 2 February 2026

Australia TD-MI Inflation Gauge (MoM) dipped from previous 1% to 0.2% in January

Gold Price Forecast: XAU/USD falls below $4,800 as Warsh pick eases Fed independence concerns 1 February 2026

Gold price (XAU/USD) tumbles to around $4,780 during the early Asian session on Monday. The precious metal extends the decline after reaching historic highs last week amid signs of political stability in the United States (US).

China’s Xi says is on a ‘strong currency’ mission to make the Yuan a global reserve 1 February 2026

China’s President Xi Jinping said in an article published on Saturday in Qiushi that he has renewed calls for the Chinese Yuan to build a “strong currency” that can become widely used in international trade, investment and foreign exchange markets and reach the status of a global reserve.

S&P 500 to defy hot PPI while metals tank? 1 February 2026

S&P 500 recovered from premarket weakness, and withstood hot PPI – well, for two hours, and couldn‘t challenge Thurday‘s enthusiasm at the close.

Nasdaq 100 futures: Failed breakout refocuses 25,405 pivot 1 February 2026

The two-way daily structure remains intact, but failure to reclaim 25,794 could open a rotation toward 25,051 and 24,774

Australia S&P Global Manufacturing PMI fell from previous 52.4 to 52.3 in January 1 February 2026

Australia S&P Global Manufacturing PMI fell from previous 52.4 to 52.3 in January

South Korea Trade Balance registered at $8.74B above expectations ($4.6B) in January 1 February 2026

South Korea Trade Balance registered at $8.74B above expectations ($4.6B) in January

Breaking News

A border inside the UK brings Northern Ireland closer to the republic December 31, 2020 at 05:09PM

A beloved Canadian soy sauce runs out December 31, 2020 at 05:09PM

Britain’s relationship with the EU will look like Switzerland’s December 31, 2020 at 05:09PM

What to expect in 2021 according to prediction markets December 31, 2020 at 05:09PM

Russia menaces Alexei Navalny after he exposed its agents’ ineptitude December 31, 2020 at 05:09PM

The next big thing in retail comes with Chinese characteristics December 31, 2020 at 05:09PM

Jobless Cambodians are catching rats to feed Vietnamese city dwellers December 31, 2020 at 05:09PM

Why Chinese tipplers like Chilean wine December 31, 2020 at 05:09PM

Pakistan has fenced itself off from Afghanistan December 31, 2020 at 05:09PM

Congress injects a further $900bn of stimulus into the American economy December 31, 2020 at 05:09PM

Gold Prices Struggle as US Retail Sales, Consumer Confidence Data Approach

About Post Author

anycurrency

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Dollar Lower as Longs Head For The Exit

UK Economy Surpasses Pre-Pandemic Levels: Nov GDP + 0.9%

Featured widget

Crude Oil Over Crypto

Breaking News

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Related Post

Featured widget