Gold Pulls Back from Record High

Gold prices fell on Thursday as investors took profits after the precious metal hit a new record high, supported by expectations of U.S. interest rate cuts, while markets await U.S. employment data due later this week.اضافة اعلان

Spot gold declined 0.7 percent to $3,531.13 per ounce, after touching a record high of $3,578.50 on Wednesday, according to CNBC.

U.S. gold futures for December delivery slipped 0.1 percent to $3,589.70.

As for other precious metals, silver held steady in spot trading at $41.19 per ounce, platinum rose 0.2 percent to $1,423.63, while palladium fell 0.6 percent to $1,140.50.
—(Petra)