Gold Edges Higher Following Weaker-Than-Expected US Retail Sales

Gold prices rose at the start of the week following disappointing US retail sales data that came in below analysts' forecasts. The weak figures boosted market expectations for a possible Federal Reserve rate cut, making gold as a safe-haven asset more attractive relative to bonds and deposits. The precious metal traditionally benefits during periods of economic uncertainty and monetary easing, since it generates no interest income and its opportunity cost falls when rates decline. Investors should watch for further macroeconomic releases that could shape gold's price trajectory in the coming weeks.