US retail spending surpassed expectations in August, increasing by 0.6 percent, despite ongoing trade tensions and tariffs. Motor vehicle sales and restaurant revenues saw gains, while furniture and department stores experienced declines, indicating a potential shift in discretionary spending. Economists are concerned about the long-term impact of tariffs on inflation and consumer prices. Post navigation Gold rate today: October futures cross Rs 1.10 lakh per 10 gm; Fed rate-cut hopes and weak dollar fuel demand Critical mineral hunt abroad: India eyes Zambia and Chile deals; $4 billion push puts critical mission in focus
