Gold Takes a Breather While Traders Await Inflation Cues Gold prices dipped on Tuesday as investors took profits following a recent rally, with markets now focused on upcoming U.S. inflation data that could provide insights into the Federal Reserve’s next policy moves. Spot gold fell 0.4% to $2,461.75 per ounce after reaching a one-week high earlier in the session. Traders are awaiting July U.S. producer price figures due later in the day and consumer price numbers on Wednesday, which will help gauge expectations for potential interest rate cuts by the Fed in September. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What Ways Can I Receive Payment for My Gold? READ MORE Fed's Focus Shifts: Slowing Quantitative Tightening is Key READ MORE Gold Hits Week-High as Investors Eye Fed's Next Move READ MORE Record Increase in U.S. Labor Costs Points to Continued Inflationary Pressure READ MORE Despite Economic Headwinds, Gold Continues Its Surprising Uptrend READ MORE Add a Comment Cancel replyYour email address will not be published.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