The report of US retail sales showed figures well above expectations, which favored the dollar in the market. Sales increased 5.3% in January, beating the market consensus that was for a rise of 1.15. In December they had fallen 1% (revised from -0.7%). The annual rate rose to 1.7%, the highest level in more than a year.
Regarding the sales without taking into account vehicles, there was an advance of 5.9%, higher than the 1% expected. The retail control group sales they climbed 1.3%, more than the 0.4% expected by average analyst estimates.
At the same time, a higher-than-expected reading of wholesale inflation for January was known. Both data favored an upward extension of the dollar in the market and pushed gold to new lows.
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