Gold prices fell on Monday (August 11th) due to easing geopolitical tensions, which dampened demand for safe-haven assets. The market is now shifting attention to US consumer inflation data due Tuesday, which is expected to determine the direction of the Fed's interest rate policy.
Pressure on gold emerged after President Donald Trump announced plans to meet with Russian President Vladimir Putin on August 15th in Alaska to negotiate a potential end to the conflict in Ukraine.
Source: Newsmaker.id
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