💨 Abstract

Gold prices dropped on Monday as traders booked profits following recent record highs, with focus shifting to a key U.S. inflation report due later this week. Spot gold was down 0.4% at $2,925.63 an ounce. Gold's appeal as a non-yielding asset could diminish if inflationary pressures lead the U.S. Federal Reserve to keep interest rates high.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖