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 Four Tech Titans Propel Stock Market to New Highs on AI Hopes READ MORE Copper Prices Surge as Short Squeeze Sparks US Metal Rush READ MORE House Republicans Push Bill to Restrict Federal Reserve's Digital Currency Plans READ MORE Consumer Prices Cool: Inflation Hits 2.9% in Latest Report READ MORE Economic Slowdown and Rising Inflation Cast Doubt on Soft-Landing Prospects READ MORE Add a Comment Cancel replyYour email address will not be published.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