Gold slid on Tuesday, plunging from earlier touched peaks as traders secure profits before the release of the most anticipated inflation figures that shall give more indications about the interest rate trajectory.

Spot gold dipped 0.2% to $2,178.43 per ounce, while gold futures slumped by 0.2% to $2,184.65 per ounce.

The spiked projections of early rate trim by June, paired with raise in the demand of safe haven, drove the soar of bullion prices, touch fresh peaks in March, where spot prices on the verge of exceeding 2,200 per ounce.

However, this surge eased in the latest sessions, particularly after the hawkish tone of Fed and the diversified labor market figures.

The greenback muted after experiencing dips lately, putting pressure on metal markets.

Attention is shifted now on the upcoming CPI figures scheduled to release later on Tuesday to get more hints on the interest rate trajectory.

The figures is projected to see stubborn inflation in Feb, that will likely be above Fed’s annual target of 2%.