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Gold Slips as Markets Eye Inflation Data Amid Fed Uncertainty and New Presidential Policies

Gold prices fell to around $2,670 per ounce on Monday, marking a second consecutive decline as markets await key US inflation data and several Federal Reserve speeches this week, looking for clues on the future of interest rates. The recent Fed rate cut of 25 basis points, while expected, was accompanied by a cautious tone, hinting that the Fed might ease back on further rate cuts, especially given policy shifts under the second Trump presidency.