Gold retreats from two-month high after inflation-driven rally

Gold prices experienced a dip on Friday, retreating from a recently established two-month peak, driven by mild U.S. inflation figures that tempered expectations for a September Federal Reserve rate hike. Nonetheless, central banks exhibit persistent enthusiasm for gold, bolstering its market stability. Price drops were observed across other precious metals, including silver, platinum, and palladium, as investors await critical economic data releases from the EU and the U.S.

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