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.
Gold hits pause after record run
FE Team | Published: April 03, 2024 22:51:25
Gold hits pause after record run
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