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Gold Prices Fall from Record High as Tariff Fears Subside
Gold prices retreated during Asian trading on Thursday, pulling back from a record high set in the previous session. The decline in safe-haven demand followed comments from U.S. President Donald Trump, who stepped back from tariff threats linked to a dispute over Greenland. The precious metal saw a significant reversal after a strong performance. • Spot gold dropped 0.7% to $4,799.55 per ounce. This came after it reached a record high of $4,888.1 per ounce in the prior session. • U.S. gold futures for the March contract fell 0.8%, settling at $4,801.75 per ounce. The rally earlier in the week was driven by ... (full story)
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