Gold Outlook Report 2023

US Retail Sales Jumped Most In 8 Months In February Bank of America's omniscient analysts forecast a very strong month for Retail Sales in February data (released today)... The actual print was +0.6% MoM (better than the 0.5% consensus, but less than BofA's forecast) comes after a revised higher 0.1% MoM decline in January (and December's nothingburger)... Source: Bloomberg That is the highest MoM rise since June 2025, and sales rose 3.7% YoY... Core Retail Sales (Ex Autos) rose 0.5% MoM (much better than expected) and Ex Autos and Gas also rose more than...

Democrats Flip Trump's Mar-a-Lago District In Florida Special Election Upset Democrats flipped a reliably red Florida state House seat that includes President Donald Trump’s Mar-a-Lago estate on Tuesday, scoring a narrow but symbolically significant victory in a special election that drew national attention. Democrat Emily Gregory defeated Trump-endorsed Republican Jon Maples in House District 87 by just over 2 percentage points, according to unofficial results. The win marks an approximately 11-point swing toward Democrats compared to the 2024 performance in the Palm Beach County district. Gregory, a first-time candidate who runs a...

Dutch Treasury Banking Portal Goes Dark For 1,600 Public Institutions After Cyberattack The Dutch Finance Ministry informed members of Parliament in a letter on Monday about "unauthorized access" to several of its banking systems, including the digital portal for treasury banking. "Because of the ongoing forensic investigation and for security reasons, several systems have been temporarily taken offline, including the digital portal for treasury banking," Finance Minister Eelco Heinen wrote in the letter. Heinen warned that the cyberattack has resulted in "around 1,600 public institutions that hold their funds with the...