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 Major Milestone for Crypto Markets — SEC Greenlights Bitcoin ETF READ MORE LBMA: 2024 Precious Metals Analysts' Forecasts READ MORE Morgan Stanley: Bitcoin Could "De-Dollarize" the World READ MORE VanEck CEO Bullish on Bitcoin and Gold Amid Global Economic Shifts READ MORE Silver Has A LONG Way To Go READ MORE Add a Comment Cancel replyYour email address will not be published.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