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 U.S. Economic Momentum Slows, S&P Surveys Indicate READ MORE Economic Enigma: Why Rising Rates Haven't Sunk the US Economy READ MORE Surging Industrial Demand for Silver means Structural Deficit set to Intensify READ MORE BIS Report Signals Turning Point in Battle Against Inflation READ MORE Insider Alert: Mike’s Made Two Changes to His Portfolio READ MORE Add a Comment Cancel replyYour email address will not be published.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