Gold retreats from near record-high levels

Gold

Gold prices slipped from near record-high levels on Tuesday, as traders braced for key US inflation report that could give more clarity on when the Federal Reserve might start cutting its interest rates, Reuters reported.

Spot gold fell 0.2% to $2,178.53 per ounce, as of 0424 GMT, after rising for nine consecutive sessions. Bullion hit a record peak of $2,194.99 on Friday.

US gold futures also dipped 0.2% to $2,185.00, Reuters added.

Spot platinum fell 0.3% to $930.00 per ounce, palladium edged 0.1% lower to $1,029.38, while silver advanced 0.1% to $24.45.