Gold prices retreated in today\u2019s trading from the record levels they reached on Friday, as markets absorbed geopolitical developments and expectations of U.S. interest rate cuts, alongside declining bond yields, amid profit-taking and notable resilience of the dollar.<\/p>\n
The U.S. dollar index, which measures the performance of the American currency against a basket of currencies, reached 98.06 points, compared with 98.2 points at the close of Friday\u2019s session.<\/p>\n
Gold futures contracts for delivery next February were traded at $4,472.40 per ounce, down 1.8% from Friday\u2019s level of $4,552.70, after recording an all-time high of $4,584 per ounce.<\/p>\n
Despite today\u2019s decline, prices remain 0.10% higher compared to last week, and up 5.2% from their levels in the same period last month. Gold has also risen by 145% over the past three years.<\/p>\n
In spot trading, gold fell from its historical high of $4,550.11 per ounce and was traded at $4,452.92 per ounce.<\/p>\n
Other precious metals experienced sharp volatility, with silver prices ranging between $73.52 and $82.62 per ounce, and standing today at $74.19, down 3.9% from the previous session. Platinum prices ranged between $2,267.30 and $2,584.20 per ounce.<\/p>\n
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