The record rise in gold has paused as investors take profits.

PANews, October 21 - Gold prices fell slightly on Tuesday as investors took profits after gold reached a new high in the previous trading session. Tim Waterer, Chief Market Analyst at KCM Trade, stated, “Profit-taking and a weakening of safe-haven inflows have both diminished today's advantage for gold… Any pullback in gold will be seen as a buying opportunity, especially as the Fed remains on its current interest rate cutting trajectory. If the U.S. CPI data released later this week does not bring any unpleasant upside surprises, there is still further upside potential for the current rise in gold prices.”