Gold Pulls Back from Monday's Record Closing-High Gold prices retreated Tuesday morning as investors took profits following Monday’s record closing high, with markets now focused on upcoming U.S. inflation data that could provide insights into the Federal Reserve’s next policy moves. Spot gold dipped 0.3% to $2,465.42 per ounce, despite being up 19% year-to-date. Traders are closely watching for July’s U.S. consumer price index and retail sales figures, which could shape expectations for potential interest rate cuts. Geopolitical tensions and the prospect of rate cuts continue to support gold prices, with analysts projecting further gains by year-end. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Jamie Dimon Warns of Imminent Economic Cliff Due to U.S. Debt READ MORE Metals Close Mixed on Final Trading Day — Gold Up 14% for the Year READ MORE History Warns: Recession Looms as Fed Maintains High Interest Rates READ MORE China's GDP Growth Slumps to 5-Quarter Low, Raising Concerns for Xi's Economic Strategy READ MORE Dollar's Dominance Under Scrutiny: Morgan Stanley's Perspective READ MORE Add a Comment Cancel replyYour email address will not be published.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