Gold prices stall near 3 329 as the strong U S retail sales data combined with Chairman Powell’s hawkish remarks weigh on rate cut expectations. This development limits upside potential for both XAU USD and XAG USD, leading traders to reconsider their positions in the precious metals market.

The interplay between retail performance and Federal Reserve signals will influence gold pricing moving forward. As market participants digest these implications, the potential for price fluctuations remains high, especially if further economic data points emerge.

In conclusion, gold and silver traders should remain vigilant. Keeping track of monetary policy announcements and economic indicators will be key to anticipating price moves in the ongoing market environment.