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Gold pulls back from record high ahead of US CPI data

  • 3 min
Gold retreated from its record high ahead of the US CPI data, signaling a potential end to nine consecutive sessions of gains. Spot gold fell 0.3% to $2,176.79 per ounce, below the record $2,194.99 on Friday, with US gold futures also down 0.3%. The market awaits the US CPI report for further indications on the Federal Reserve's next move. Bullion remains supported by strong speculative interest and solid physical demand.
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Gold firms as Middle East jitters outweigh US inflation data

  • 2 min
Gold prices rose as Middle East tensions overshadowed strong US inflation data. Spot gold was up 0.5% at $2,038.19 per ounce, with US gold futures up 1.2% at $2,042.90. The ongoing conflict in the Middle East and expectations of a US economic slowdown are supporting gold's price. Other precious metals also saw gains.