According to CoinMeta, gold prices are expected to fall slightly this week, as investors took profits after the significant increase in gold prices earlier in the week. During European morning trading, New York gold futures fell by 0.8% to $4,385.90 per ounce. Gold prices briefly broke through the $4,400 mark this week, with previously weak inflation data reducing market expectations for a Fed interest rate hike in September. Analysts noted, “The overall upward trend has not changed, but neither market has been able to hold onto recent highs, indicating that there has been some profit-taking after the substantial rise in gold prices.” Market pricing currently suggests that the probability of a Fed interest rate hike next month is only 32%.