On Wednesday, gold prices fell slightly. Investors are sitting on the sidelines ahead of the release of a key figure on US inflation later today, which could set the tone for the Federal Reserve's monetary policy meeting in

The spot gold price fell by 0.2% to $2,460.87 per ounce at 03:27 GMT. Prices hit a record $2,483.60 last month. American gold futures fell by 0.3% to $2,500.30. The American Consumer Price Index (CPI) for the month of July is expected at 12:30 GMT. It is expected to show an acceleration in monthly inflation to 0.2%, while annual core inflation slows slightly to 3.2%. Retail sales figures are expected on Thursday. According to Kyle Rodda, a financial market analyst at Capital.com, gold could fall to $2,300 if the data (CPI) doesn't match the expected rate cuts, but in the long run, gold is likely to rise as the U.S. economy weakens enough for the Fed to

Spot money fell 0.6% to $27.68, platinum lost 0.5% to $931.73. Palladium rose 0.1% to $939.25 after reaching the highest level since July 24 in the previous session