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

Gold is a shiny metal that people buy to keep their money safe.

This week, its price went up very high, the highest it has been in two months.

But on Thursday, many people who bought gold decided to sell it to take their profit.

So the price of gold went down a little bit.

This happened after the United States shared new numbers about the prices of everyday things.

Those numbers showed that prices are going up more slowly than before.

When prices rise slowly, the central bank might not raise interest rates.

Lower interest rates make gold more attractive to hold.

Some government officials think the central bank should still raise rates right away.

Different people disagree about what should happen next.