Bullion Takes a Breather: But Gold Stays Above $2,500 The price of gold retreated from recent record highs as the dollar strengthened, with investors awaiting key U.S. inflation data that could influence the Federal Reserve’s interest rate decisions. The precious metal’s price dipped by about 1%, trading near $2,500 per ounce, as traders took profits and rebalanced portfolios. Despite this setback, gold remains up over 20% this year, supported by rate cut expectations, central bank purchases, and geopolitical uncertainties. Market participants are now focused on Friday’s inflation report, which could provide insights into the pace of potential rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Russian Crude Exports Hit Seven-Month Low Amid OPEC+ Compliance READ MORE Inflation Data May Shape Fed’s Path to Interest Rate Cuts READ MORE Investors Flock to Gold During Commodity Boom READ MORE Gold: A Surge Toward $2,400 Looks Imminent READ MORE How To Be On The Right Side of the Coming Wealth Transfer – Mike Maloney & Russ Gray READ MORE Add a Comment Cancel replyYour email address will not be published.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