Ammon News - Gold slipped on Thursday as investors booked profits after the yellow metal hit a record in the previous session, while an apparent softer tone from U.S. President Donald Trump on the Federal Reserve chair and Iran also dampened safe-haven demand.
Spot gold was down 0.3% at $4,608.77 per ounce, as of 0652 GMT. Bullion hit a record $4,642.72 on Wednesday.
U.S. gold futures for February delivery fell 0.5% to $4,613.0.
The U.S. weekly jobless claims for the first week of January will be released later in the day, which could provide clues on the Fed's monetary policy path. Traders anticipate two interest rate cuts this year.
A low-interest-rate environment, geopolitical and economic uncertainty traditionally favour non-yielding assets such as gold.
Spot silver slid 3.4% to $89.63 per ounce after hitting an all-time high of $93.57 earlier in the session.
Spot platinum receded 2.6% to $2,321.65 per ounce after scaling a record peak of $2,478.50 on December 29.
Palladium lost 1.3% to $1,804.10 per ounce and hovered near a one-week low.
Reuters
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