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  Gold prices surge, aiming for a positive weekly conclusion amidst the backdrop of reduced US bond yields. The surge in gold prices is propelled by a decrease in US Treasury yields and favorable market conditions. Despite the prevailing risk-on sentiment, gold continues to attract investors, deviating from conventional safe-haven asset patterns. Market sentiment adjusts to the Federal Reserve’s cautious stance, with expectations of substantial rate easing by the end of the year. On Friday, gold prices resumed their upward trend for the week, poised to conclude with gains. The positive momentum is driven by the decline in US Treasury bond yields, coupled with a lack of significant news developments. Federal Reserve officials, including New York Fed President John Williams, maintain a consistent message in their recent statements. The XAU/USD is currently trading at $2,038, reflecting a 0.70% increase. Fed policymakers are considering maintaining interest rates within the 5.25%-5.50...

  FTSE 100 Retail Woes: Dampened Sales Impact Retailers as UBS Downgrades RS. Introduction In the dynamic landscape of financial markets, the FTSE 100 witnessed a setback with a decline of 44 points, landing at 7,266. The gloomy weather isn’t the only factor casting a shadow – UK retail sales have taken a hit, causing a downward spiral. Meanwhile, the pound experienced a drop in the face of disappointing retail sales data. The underlying factors driving these shifts were further compounded by the actions of investment bank UBS, which downgraded RS, altering its price target and estimates. Rain-Drenched Retail Sales Impact The UK’s retail sector is grappling with the adverse effects of relentless rain, translating into dampened footfall and reduced consumer spending. As the heavens open up, retail sales figures take a hit, sending ripples across the market. How is the downpour impacting the high street’s performance? POUND’S PLUMMET: RETAIL SALES DATA IN FOCUS Amid the gloomy backdr...