Gold Retreats From Three-Month High Ahead of Inflation Data, Fed Speech

Gold prices retreated from a three-month high on Tuesday, August 25, as investors paused to assess key economic data and a major speech from the Federal Reserve chair later in the week. The pullback followed a strong rally that had pushed the precious metal to its highest level since mid-May. Spot gold fell 0.4% to $4,634.20 per ounce in early trading on August 25, after earlier touching a high of $4,677.19. Gold futures also declined, dropping 0.2% to $4,691.14. The retreat came after a significant surge last week, driven by a U.S. Treasury announcement to expand its buybacks of longer-dated government debt.