TechFlow, Oct. 21 — Gold prices edged lower on Tuesday as investors took profits after the previous session's record highs. "Profit-taking and reduced safe-haven inflows have combined to weaken gold's advantage today... Any pullback in gold will likely be seen as a buying opportunity, especially with the Fed still on a rate-cutting path. If the U.S. CPI data released later this week does not bring any unpleasant upside surprises, the current upward momentum in gold prices could extend further," said Tim Waterer, Chief Market Analyst at KCM Trade. (GoldTimes)
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