Gold prices edged higher on Wednesday after softer U.S. retail sales data boosted expectations that the Federal Reserve will cut interest rates this year. Spot gold was up 0.1% at $2,331.17 per ounce, as of 0318 GMT. U.S. gold futures fell 0.1% to $2,345.60. Data released on Tuesday showed U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter. “Weaker Treasury yields overnight and subdued moves around the U.S. dollar following a disappointing U.S. retail sales read seem to offer room for some relief in the yellow metal,” said IG market strategist Yeap Jun ... (full story)