Gold eases on profit-booking after breaching $4,600/oz
Gold eased on Tuesday, a day after breaching $4,600/ounce for the first time ever, as investors booked profits amid heightened geopolitical and economic uncertainty.Spot gold fell 0.4 per cent to $4,576.79 per ounce as of 0134 GMT. Bullion hit a record high of $4,629.94 on Monday.US gold futures for February delivery lost 0.6 percent to $4,585.40. Spot silver shed 1.6 per cent to $83.62 per ounce after hitting an all-time high of $86.22 on Monday.Spot platinum lost 2.5 per cent to $2,283.95 per ounce after scaling a record peak of $2,478.50 on 29th December. Palladium also slid 3.7 per cent to $1,774.44 per ounce.WAM
Gold eased on Tuesday, a day after breaching $4,600/ounce for the first time ever, as investors booked profits amid heightened geopolitical and economic uncertainty.Spot gold fell 0.4 per cent to $4,576.79 per ounce as of 0134 GMT. Bullion hit a record high of $4,629.94 on Monday.US gold futures for February delivery lost 0.6 percent to $4,585.40. Spot silver shed 1.6 per cent to $83.62 per ounce after hitting an all-time high of $86.22 on Monday.Spot platinum lost 2.5 per cent to $2,283.95 per ounce after scaling a record peak of $2,478.50 on 29th December. Palladium also slid 3.7 per cent to $1,774.44 per ounce.WAM
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