Gold price slips from record highs as profit-taking bites; Fed bets back in focus
Gold fell 0.2% to $4,606.54 an ounce in early New York trading Friday, retreating from Wednesday’s record high as profit-taking and easing geopolitical tensions curbed safe-haven demand. U.S. gold futures slipped 0.3%. The dollar hit a six-week high after jobless claims data, weighing further on bullion. Gold-linked ETFs and miners opened mixed.