Gold prices snapped a nine-week winning streak, correcting after hitting overbought levels. A softer US inflation report bolstered expectations of further Fed easing, pushing bond yields lower. Investors are watching US-China relations ahead of a Trump-Xi meeting to deescalate trade tensions. Gold’s record run hit a snag with profit-taking and outflows from ETFs. Despite volatility, gold remains up 57% this year due to central bank buying and investor concerns over budget deficits. Platinum saw a spike in London amid tightness in the market. Gold closed at $4,113.05, while silver dropped to a weekly loss of over 6%.

Read more at Yahoo Finance: Gold Ends Record-Breaking Rally with First Weekly Loss in Ten