Gold price pulls back from record highs as profit-taking bites; Fed in focus next
Gold fell over 1% Friday as investors took profits after record highs, with spot prices ending down 0.5% at $4,592.29 an ounce and U.S. futures down 0.6%. Bullion still rose about 1.9% for the week. Easing Middle East tensions and cautious rate-cut bets drove the pullback. U.S. markets close Monday for a holiday, potentially increasing volatility.