Gold prices retreated slightly on Thursday, remaining close to a two-week peak achieved in the previous session. The dip followed softer-than-expected U.S. economic data, raising speculation that the Federal Reserve might initiate interest rate cuts by September. Spot gold edged down 0.1% to $2,353.14 per ounce as of 0637 GMT, having reached its highest level since June 21 in the previous session. Meanwhile, U.S. gold futures declined by 0.3% to $2,363.10.
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