<\/p>\n\n\n\n
Gold prices retreated from record highs in Asian trading on Tuesday<\/strong>, pressured by profit-taking<\/strong> and early signs of easing U.S.\u2013China trade tensions<\/strong> that weakened demand for the metal\u2019s safe-haven appeal.<\/p>\n\n\n\n At 02:27 ET (06:27 GMT)<\/strong>, spot gold<\/strong> slipped 0.8% to $4,322.95 per ounce<\/strong>, retreating from Monday\u2019s all-time high of $4,381.21<\/strong>. U.S. gold futures<\/strong> for December delivery also edged 0.5% lower to $4,339.35\/oz<\/strong>, as investors booked profits following a week-long rally that lifted prices to unprecedented levels.<\/p>\n\n\n\n The retreat followed a shift in tone from U.S. President Donald Trump<\/strong>, who expressed optimism about achieving a \u201cstrong and fair<\/strong>\u201d trade deal with China ahead of his meeting with President Xi Jinping<\/strong> in South Korea next week.<\/p>\n\n\n\n Meanwhile, U.S. Treasury Secretary Scott Bessent<\/strong> is set to meet Chinese Vice Premier He Lifeng<\/strong> in Malaysia later this week, signaling efforts to stabilize relations that have recently soured over rare earth export restrictions and tariff threats.<\/p>\n\n\n\n Adding to the improved mood, White House economic adviser Kevin Hassett<\/strong> said the U.S. government shutdown<\/strong>, now in its third week<\/strong>, was \u201clikely to end this week<\/strong>\u201d amid progress on a bipartisan funding deal.<\/p>\n\n\n\n These developments reduced the immediate need for defensive positioning, prompting some investors to trim gold holdings after its historic rally.<\/p>\n\n\n\n Market focus has now turned to the U.S. Consumer Price Index (CPI)<\/strong> report due Friday<\/strong>, delayed because of the shutdown. Economists forecast a 3.1% year-on-year rise<\/strong> in headline inflation.<\/p>\n\n\n\n A stronger-than-expected CPI reading could temper expectations<\/strong> for a Federal Reserve rate cut in October<\/strong>, potentially putting renewed pressure on gold. However, the metal remains underpinned by broad expectations of monetary easing<\/strong>, central bank purchases<\/strong>, and ongoing geopolitical risks<\/strong>.<\/p>\n\n\n\n The U.S. dollar\u2019s modest rebound<\/strong> weighed further on metal markets, making commodities priced in dollars more expensive for foreign investors.<\/p>\n\n\n\n Silver futures<\/strong> fell 1.5% to $50.68 per ounce<\/strong>, while platinum futures<\/strong> slipped 1.1% to $1,633.60\/oz<\/strong>. Despite the short-term correction, analysts say gold\u2019s long-term outlook remains constructively bullish<\/strong>, supported by monetary policy easing expectations<\/strong> and central bank diversification away from the dollar<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices retreated from record highs in Asian trading on Tuesday, pressured by profit-taking and early signs of easing U.S.\u2013China trade tensions that weakened demand for the metal\u2019s safe-haven appeal. At 02:27 ET (06:27 GMT), spot gold slipped 0.8% to $4,322.95 per ounce, retreating from Monday\u2019s all-time high of $4,381.21. U.S. gold futures for December …<\/p>\n","protected":false},"author":9,"featured_media":104527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-120166","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120166"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120166\/revisions"}],"predecessor-version":[{"id":120167,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120166\/revisions\/120167"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/104527"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Easing Political and Trade Risks Pressure Bullion<\/strong><\/h3>\n\n\n\n
Inflation Data Looms as Next Catalyst<\/strong><\/h3>\n\n\n\n
Other Metals Weaken as Dollar Firms<\/strong><\/h3>\n\n\n\n
Industrial metals were also lower, with London copper<\/strong> edging 0.2% down to $10,666.20 a ton<\/strong>, and U.S. copper futures<\/strong> sliding 1% to $5.00 per pound<\/strong> amid lingering uncertainty over Chinese industrial demand.<\/p>\n\n\n\n