Gold futures dipped below $3,700 an ounce as traders weighed the potential for further interest rate cuts against a solid US retail sales reading. The yellow metal has rallied over 40% this year, driven by geopolitical uncertainties and central banks holding more gold than U.S. treasuries for the first time in 30 years. Meanwhile, Copper and Silver futures led a decline in industrial metals as investors trimmed bullish positions ahead of the Federal Reserve's monetary policy decision.