Gold Prices Fall After Recent Rally

Gold prices retreated on Thursday and Friday, August 13-14, following a significant rally over the previous two months. The price per ounce fell from $4,449.39 to $4,330.37, a decrease of approximately 1.7%. This decline was driven by investors taking profits after the metal reached its highest level since June 5. The move was also influenced by market expectations that the Federal Reserve would maintain interest rates unchanged in September, creating a more favorable context for gold in the short term. However, expectations of a possible rate hike later in the year remain in focus, which could limit gold's upside potential.