黄金早参丨美国零售数据弱于预期，提振降息预期，金价短线走强

Group 1 - The core viewpoint of the article highlights that weaker-than-expected U.S. retail sales data and rising inflation, along with dovish comments from Federal Reserve officials, have increased expectations for a rate cut in December, leading to a rise in gold prices [1] - As of the market close, COMEX gold futures rose by 0.78% to $4126.3 per ounce, while the China Gold ETF (518850) increased by 1.73% and the Gold Stock ETF (159562) rose by 1.91% [1] - The data released shows that the U.S. Producer Price Index (PPI) rose by 0.3% month-on-month in September, with core PPI increasing by 0.1%, indicating a notable acceleration in inflation [1] Group 2 - U.S. retail sales grew by 0.2% month-on-month in September, marking the fourth consecutive month of positive growth but significantly slowing down and falling short of market expectations [1] - The decline in auto sales for the first time in four months further reinforces the market's expectations for a rate cut in December [1] - Analysts from CITIC Futures noted that the weakening consumer data solidifies expectations for monetary easing, while ongoing uncertainties in the Russia-Ukraine and Middle East situations support safe-haven demand [1]