XAU increased to a record high everXAU price increased quite strongly to near historical peak after the instability taking place in the world
World gold continues to increase and moves towards the historic peak of 2,450 USD/ounce recorded on May 20 after the US announced that total retail sales remained unchanged in June. In May, revised figures showed total retail sales increased 0.3%.
In fact, economists forecast that total retail sales decreased by 0.3% in June. Thus, the number announced last month exceeded expectations. However, this is not positive information.
The US economy tends to send signals that are no longer as strong as in the first few months of the year.
Previously, the US announced that inflation continued to cool down and the labor market tended to deteriorate with the unemployment rate increasing.
