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 Fed's Dilemma: Is a Quarter-Point Cut Enough to Stave Off Recession? READ MORE "Russian and Chinese are brothers forever" – Putin and Xi Challenge Western Dominance READ MORE Yen Volatility Threatens Profitability of Emerging-Market Carry Trades READ MORE Gold Tumbles Amid Global Stock Market Turmoil, but Outlook Remains Positive READ MORE Fed's Rate Cut Hesitation: Inflation Concerns and Economic Uncertainties Dominate READ MORE Add a Comment Cancel replyYour email address will not be published.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