Gold price today: Bullion slips from record highs as profit-taking meets a firmer dollar
Gold fell over 1% Friday, retreating from record highs as traders took profits and the dollar strengthened. Spot gold touched $4,536.49 before recovering to $4,592.29 an ounce by early afternoon in New York. U.S. jobless claims dropped to 198,000, boosting the dollar and pressuring bullion. London-listed mining stocks also declined, with Endeavour Mining down 2.6%.