Gold Futures Maintain Losses After Retail Sales Data

Gold futures remained lower after July U.S. retail sales data was seen leaving the Federal Reserve on track to raise interest rates as early as September. The Commerce Department said retail sales rose 0.6% in July, just below the consensus forecast for a 0.7% rise, while sales for May and June were revised higher. December gold fell back toward the previously established session low, losing $9.50, or 0.9%, to trade at $1,114.10 an ounce.