Mexico Retail Sales (YoY) came in at -10.8% below forecasts (-9.7%) in August

Gold is defending the lower end of a multi-week rising channel above $1900. A breakdown looks likely with US yields on the rise, implying a resumption of the sell-off from the Sept.16 high of $1,973 and opens the doors for a re-test of September lows near $1,850.