Gold prices have retreated slightly from recent record highs as investors take profits ahead of crucial U.S. inflation data. While geopolitical tensions, particularly in the Middle East, continue to support gold’s safe-haven appeal, traders are cautiously awaiting PPI and CPI reports that could influence the Federal Reserve’s upcoming policy decisions. Despite the pullback, gold remains near all-time highs, buoyed by renewed interest in gold ETFs and ongoing global uncertainties. Analysts remain bullish, with some projecting prices could challenge the $2,500 level if current support holds, reflecting the delicate balance between economic indicators and geopolitical risks in shaping gold’s near-term trajectory.