Gold hits pause after record run

Gold took a breather after notching another record high on Wednesday as growing tensions in the Middle East and US interest rate cut hopes continued to push investors to the safe-haven asset, reports Reuters.

Spot gold was down 0.3 per cent at $2,272.79 per ounce, as of 1211 GMT after hitting a record high of $2,288.09 earlier in the session. Analysts attributed the slight pullback to an uptick in US yields.

US gold futures gained 0.5 per cent to $2,293.20.