Gold Pulls Back Slightly After Surging Past $4,600/oz

Gold prices eased on Tuesday after briefly breaching $4,600 per ounce, as investors booked profits following recent record highs. Market watchers cite a mix of geopolitical tension and economic uncertainty driving the rally.

Key Facts:

• Gold hit a new record high above $4,600/oz before pulling back slightly.

• Profit-taking by investors caused the short-term price dip.

• Geopolitical risks and economic uncertainty continue to support safe-haven demand.

Expert Insight:

Even with short-term retracements, gold remains a strong safe-haven asset, attracting both institutional and retail interest amid global uncertainty.

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