Gold prices fell on profit taking Thursday after rising sharply in the previous session following a surprise liquidity support announcement by the U.S. Treasury to stem a rout in the bond market.
Spot gold fell 0.8 percent to $4,486.71 an ounce after surging more than 4 percent on Wednesday and hitting its highest level since June 2 at $4,527.67 earlier in the day, driven by a slide in the dollar and easing pressure from the bond market. U.S. gold futures were little changed at $4,545.01 an ounce.
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Gold Prices Slide After Scaling Over Two-month Peak
2026-08-20 09:59:58
