Gold slips from record highs as Trump cools Greenland threats; Kuwait gold rates stay near peaks
Gold fell 0.8% to $4,796.75 an ounce Thursday after hitting a record $4,887.82, as eased geopolitical tensions cut demand. Kuwait’s 24-carat retail gold rate held at 47.92 dinars per gram. Goldman Sachs raised its 2026 gold forecast to $5,400 an ounce. In India, dealers charged up to $112 an ounce premium amid supply concerns and speculation over higher import duties.