Gold pulls back from nine-week high ahead of US PPI data

Gold slipped from a new nine-week high in early Thursday trading. The earlier positive impulse from lower July inflation began to fade, leaving the metal under mild pressure ahead of the next US data release.

Market attention is now on the US Producer Price Index report due later today. Investors are looking for additional clues about the Federal Reserve's policy path after the latest inflation figures.

The pullback comes after gold's recent push to a multi-week high, suggesting bulls are pausing while waiting for the data rather than aggressively extending the move.