Gold prices fell on Tuesday as investors took profits following a record high in the previous session. The decline comes amid reduced safe-haven demand, according to Tim Waterer, chief market analyst at KCM Trade. Despite the pullback, Waterer suggests that any dip in gold could present a buying opportunity, especially with the Federal Reserve expected to cut interest rates. The trajectory of gold's rally may depend on upcoming U.S. CPI data, which could influence market sentiment if it deviates from expectations.