Gold Prices Decline Amid Dollar Strength, Inflation Data

Gold prices have recently declined due to a stronger dollar and market anticipation of key U.S. inflation data, which could provide direction for the Federal Reserve's September policy meeting. Despite this dip, gold remains up 21% for the year, reaching record highs and maintaining robust support from central bank purchases and ETF inflows. Meanwhile, silver prices have also seen fluctuations, with current rates varying across major Indian cities. The ongoing trend of Bitcoin consolidating while gold appreciates continues, hinting at potential future movements in both assets. Investors are advised to balance their gold investments, considering its role as a hedge against inflation and its recent price surge.