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Gold Prices Fell On Monday As Traders Locked In Profits After Recent Record Highs. Investors Are Now Turning Their Attention To A Key U.S. Inflation Report, Which Could Influence The Federal Reserve’s Next Move.

As Of 0204 GMT, Spot Gold Dropped 0.4% To $2,925.63 An Ounce. Last Thursday, It Reached An All-time High Of $2,954.69. Meanwhile, U.S. Gold Futures Slipped 0.5% To $2,939.30.

Gold Prices Dip Despite Market Uncertainty

Gold Usually Benefits From Economic Uncertainties. However, Recent Profit-taking Has Offset Its Safe-haven Appeal. According To Analysts, Gold Could Still Reach New Highs If Market Risks Persist.

Tim Waterer, Chief Market Analyst At KCM Trade, Noted, “Despite Geopolitical Tensions, Gold Has Struggled To Gain Due To Profit-taking.” Yet, He Believes That Economic Uncertainty Could Drive Further Gains.

Gold Prices Dip Before Key U.S. Inflation Report

The Upcoming Personal Consumption Expenditures (PCE) Index Is A Key Inflation Report For The Fed. If Inflation Remains High, The Central Bank May Keep Interest Rates Elevated. This Could Reduce Gold’s Appeal As A Non-yielding Asset.

Trade Policies And Market Impact

Trade Policies Are Another Major Factor. President Donald Trump Recently Announced New Tariffs On Imported Cars, Semiconductors, And Pharmaceuticals. These Policies Could Fuel Inflation, Keeping Investors Cautious.

Precious Metals Market Overview

Other Precious Metals Also Declined. Spot Silver Fell 0.4% To $32.42 An Ounce, While Platinum Dropped 0.2% To $967.71. Palladium Edged Down 0.3% To $965.97.

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