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 Powell Cautious on Rates, Inflation Data to Guide Future Decisions READ MORE As Dollar Rises, China's Central Bank Continues Gold Buying Spree READ MORE ECB Hints at Future Rate Cuts, Distances Policy from U.S. Federal Reserve READ MORE Yellen Says She Regrets Saying Inflation Was ‘Transitory’ READ MORE Gold Prices Forecasted to Reach $2,500 in 2024, UBS Says READ MORE Add a Comment Cancel replyYour email address will not be published.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