Gold Falls from Three-Month High as Inflation Data Loom

Gold prices fell on Tuesday after earlier reaching their highest level in more than three months, as investor focus shifted to upcoming U.S. inflation data and a speech by Federal Reserve Chair Jerome Powell this week.

Prices surged sharply last week after the U.S. Treasury announced it would double the volume of its long-term bond buyback operations to support liquidity, sparking concerns about currency depreciation.