Gold eased on Thursday as investors booked profits after bullion hit an all-time high earlier, with U.S. restrictions on chip sales to China and continued tariff uncertainty boosting bullion's safe-haven demand.
Spot gold shed 0.1% to $3,338.81 an ounce, as of 0436 GMT, after touching a record high of $3,357.40 earlier in the session. Bullion has gained more than 3% so far this week.
U.S. gold futures firmed 0.1% to $3,351.
'Everything is going gold's way, propelling prices to fresh highs.
The dollar index hovered near a three-year low hit last week, making gold more attractive for other currency holders.
Gold, traditionally seen as a hedge against political and economic uncertainty and inflation, has risen more than 27% so far this year. 'We maintain our bullish stance on gold, though a pull-back towards $3,050 per ounce looks possible after a recent swift price rally,' analysts at ANZ said.
Spot silver dropped 0.6% to $32.54 an ounce, platinum shed 0.4% to $963.15, and palladium fell 1.4% to $958.24. Reuters
Gold eased on Thursday as investors booked profits after bullion hit an all-time high earlier, with U.S. restrictions on chip sales to China and continued tariff uncertainty boosting bullion's safe-haven demand.
Spot gold shed 0.1% to $3,338.81 an ounce, as of 0436 GMT, after touching a record high of $3,357.40 earlier in the session. Bullion has gained more than 3% so far this week.
U.S. gold futures firmed 0.1% to $3,351.
'Everything is going gold's way, propelling prices to fresh highs.
The dollar index hovered near a three-year low hit last week, making gold more attractive for other currency holders.
Gold, traditionally seen as a hedge against political and economic uncertainty and inflation, has risen more than 27% so far this year. 'We maintain our bullish stance on gold, though a pull-back towards $3,050 per ounce looks possible after a recent swift price rally,' analysts at ANZ said.
Spot silver dropped 0.6% to $32.54 an ounce, platinum shed 0.4% to $963.15, and palladium fell 1.4% to $958.24. Reuters
Gold eased on Thursday as investors booked profits after bullion hit an all-time high earlier, with U.S. restrictions on chip sales to China and continued tariff uncertainty boosting bullion's safe-haven demand.
Spot gold shed 0.1% to $3,338.81 an ounce, as of 0436 GMT, after touching a record high of $3,357.40 earlier in the session. Bullion has gained more than 3% so far this week.
U.S. gold futures firmed 0.1% to $3,351.
'Everything is going gold's way, propelling prices to fresh highs.
The dollar index hovered near a three-year low hit last week, making gold more attractive for other currency holders.
Gold, traditionally seen as a hedge against political and economic uncertainty and inflation, has risen more than 27% so far this year. 'We maintain our bullish stance on gold, though a pull-back towards $3,050 per ounce looks possible after a recent swift price rally,' analysts at ANZ said.
Spot silver dropped 0.6% to $32.54 an ounce, platinum shed 0.4% to $963.15, and palladium fell 1.4% to $958.24. Reuters
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