📊 $XAU Gold – Pullback After Record Rally
•Gold slid ~0.5% on Tuesday to around $5,053.80 per troy ounce, with spot bullion hovering near $5,040.
•Recently, gold hit an all-time high of $5,594.82 on January 29 before the retreat.
•Traders are cautious ahead of key U.S. economic data this week:
•December Retail Sales
•January Consumer Price Index (CPI)
•January Non-Farm Payrolls
Market Implications:
•Stronger-than-expected data may reduce bets on Fed rate cuts → could pressure gold.
•Softer data may support easier monetary policy → bullish for gold, as it’s a non-yielding safe-haven asset.
•Stay alert for price reactions around $5,040–$5,060, as the market digests these data points.