
PANews|Oct 21, 2025 03:16
[Gold Prices Slightly Retreat Due to Profit-Taking, Market Focuses on U.S. CPI Data]
On Tuesday, gold prices slightly declined, primarily as investors opted to take profits after gold hit a new high in the previous trading session. KCM Trade Chief Market Analyst Tim Waterer stated that profit-taking behavior and a weakening inflow of safe-haven funds collectively suppressed gold's short-term performance. He noted that any pullback in gold could be seen as a buying opportunity, especially in the context of the Federal Reserve remaining on a rate-cut trajectory. If the U.S. CPI data released later this week does not show unexpected upward pressure, gold's rally may still have further room to rise.
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