Gold Retreats from Recent Highs with Upcoming U.S. Inflation Reports in Focus Gold prices fell on Monday as investors awaited upcoming U.S. inflation reports to gain insights on potential Federal Reserve rate cuts. Spot gold dropped by 0.7% to $2,344.53 per ounce, marking its largest decline in nearly two weeks, while U.S. gold futures also saw a decrease of about 1%. Analysts suggest that profit-taking in anticipation of the CPI data release is influencing the current dip in prices, with expectations that gold will remain relatively stable provided inflation slows down. Key economic indicators, such as the producer price index and consumer price index, are set to be released on Tuesday and Wednesday, respectively. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Forex Reserves Surge to $655.8 Billion, Boosted by Rising Gold and Foreign Assets READ MORE Americans Prioritize Summer Fun Over Financial Health, Risking Long-Term Debt READ MORE Persistent Inflation Challenges Eurozone, Core Prices Higher Than Anticipated READ MORE Over $20 Million in Gold Stolen in Canada’s Largest Airport Heist READ MORE Gold's Glitter May Fade: Expert Cautions on Gold's Vulnerability Post-Rally READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment