Retail Sales report due out tomorrow is probably the most important number to come out this week.

Retail Sales report due out tomorrow is probably the most important number to come out this week. Even if it is better than expected will it be a drag on the gold price? It is doubtful considering that a stronger dollar combined with a strong equity market has not been able to do so. The global political crisis is what is holding gold above the 1300 level and the situations are not going away any time soon. Gold looks to be firmly in the bull camp for now and may lead the way higher if tensions in the Ukraine or Iraq escalate.