Mexico Retail Sales (MoM) came in at 2.5% below forecasts (3.5%) 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.