Weak US Retail Sales See Gold Price Recover $2000 After Inflation Drop
The PRICE of GOLD rallied back through $2000 per Troy ounce in London on Thursday, recovering half of this week's earlier 1.9% drop – made on stronger US inflation data – after retail sales for January missed analyst forecasts.
![Chart of gold price (right, inverted) vs. forecasts for end-2024 Fed interest rates. Source: BullionVault Chart of gold price (right, inverted) vs. forecasts for end-2024 Fed interest rates. Source: BullionVault](https://www.bullionvault.com/gold-news/sites/default/files/240215-cme-fed-gold.png)