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Gold / Silver / Copper futures - weekly outlook: May 15 - 19
Investing.com - Gold prices were higher on Friday to end the week little changed as the weaker dollar boosted demand for the precious metal.
Gold for June delivery settled up 0.37% at $1,228.7 on the Comex division of the New York Mercantile Exchange.
The dollar weakened after data on Friday showed that U.S. retail sales grew less than expected last month, and core inflation dipped, raising doubts over whether the Federal Reserve can hike rates two more times this year.
Retail sales rose 0.4% in April, the Commerce Department said, falling short of economists’ expectations for a 0.6% increase.
At the same time, the Labor Department reported that the annual rate of inflation slowed to 2.2% in April from 2.4% in March.
Annual core inflation, which strips out food and energy costs, fell to 1.9%, the lowest since October 2015.
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