[Opinion] Gold Pauses From Record-Breaking Run on Profit-Taking Pressure (GLD:NYSEARCA)

Gold pauses from record-breaking run on profit-taking pressure (GLD:NYSEARCA)

Gold futures turned lower after rising to new highs for five consecutive sessions, as the market took a breather with prices climbing closer to $4,000/oz.

Gold Retreats After Record-Breaking Rally

Gold prices have retreated after a five-day rally that saw the precious metal reach record highs. The pullback comes as the US dollar strengthened and investors capitalised on recent gains. The delayed release of key economic data due to the government shutdown has also left traders seeking alternative indicators to gauge the health of the US economy. In the absence of official figures, data from private firms is gaining increased attention. Acc…

Heavy profit-taking pressure hits gold, silver

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