Gold prices edged lower on Wednesday, as the dollar firmed on robust U.S. retail sales data, while hopes of an interest rate cut by the Federal Reserve and broad uncertainties over trade between Washington and Beijing kept a lid on declines.
* U.S. retail sales strong, but market still set on Fed cut
(Adds comments, details, updates prices)
Gold prices held steady on Tuesday as investors awaited U.S. retail sales data that could serve as an indicator of the strength of the world's largest economy amid lingering concerns over global economic slowdown.
* Spot gold remains neutral in $1,404-$1,421/oz range -
* China GDP in-line with consensus, monthly activity data
* Spot gold biased to break support at $1,404/oz- technicals
July 11 Gold prices scaled a more than one-week
peak on Thursday, as the dollar slipped after dovish remarks
from the U.S. Federal Reserve Chairman Jerome Powell boosted the
case for an interest rate cut later this month.
* Speculators increase net longs in COMEX gold
* Fed's Powell could provide cues on near-term policy this
* Spot gold may retest resistance at $1,435/oz-technicals