Gold retreats from three-month highs
Gold prices dropped after hitting a three-month high as momentum stalled near resistance levels. Investors await upcoming US inflation data and remarks from Federal Reserve officials for policy clues.
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Gold fell 0.6% to $4,622.01 per ounce on Tuesday afternoon as upward momentum stalled near a key resistance level. The drop preceded critical economic data releases from the United States later in the week. Bullion retreated from a three-month high after failing to breach psychological resistance at $4,700 an ounce.
