Gold is consolidating in bearish sentiment at 1069, in anticipation of US retail sales today, as well as Fed desision on rate hike, which is currently supported by a 90 percent probability.
US import price in November was reported to be at -0.4 percent, down -0.1 percent from its previous result in October and also lower than expected. Export price suffered the same fate as it dipped to -0.6 percent in November, much lower than October's number at -0.2 percent. On the other hand, UN cut 0.4 point from 2015 global growth projection to 2.4 percent. US GDP in Q3 and Q4 were speculated to have been the main cause of that cut.
Technical Analysis
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