Gold spiked higher after disappointing US retail sales data undermined Fed rate hike bets and sent the US Dollar lower, but the move proved short-lived. The greenback briskly recovered on the back of safe-haven demand as stock prices plunged, undermining the appeal of anti-fiat assets and forcing gold back downward. The metal may continue to languish as traders wait for key event risk shaping Fed timing speculation to cross the wires. Crude oil prices continued recover. The move appeared to reflect follow-on momentum after Saudi Arabia Energy Minister Khalid Al-Falih said last week that an informal meeting between ... (full story)