Gold retreats on profit-taking after hitting two-month peak following inflation data

Meanwhile, oil prices declined on Thursday as investors assessed prospects for weaker global demand this year amid supply disruptions.

Separately, Bank of Korea held a $250 million stake in a U.S.-listed gold ETF as of end of June, an SEC filing showed.

Among other metals, spot silver XAG= slid 1.2% to $64.51 per ounce, platinum XPT= dropped 2.4% to $1,715.54, and palladium XPD= slipped 3.9% to $1,316.28.

Gold fell more than 1% on Thursday as investors locked in gains after prices climbed to two-month highs following U.S. inflation data that was in line with expectations, tempering expectations for a Federal Reserve rate hike next month.

Spot gold XAU= fell 1.2% to $4,354.58 per ounce by 12:58 a.m. EDT (1658 GMT). Prices touched their highest level since June 5 earlier in the session at $4,449.39.

U.S. gold futures GCcv1 dipped 1.1% to settle at $4,420.40.