North America Bloomberg
Gold Falls Below $5,000 as Traders Cut Gains Following Previous Session's Surge
Gold prices dropped below $5,000 an ounce due to profit-booking after a recent gain sparked by mild US inflation data, falling as much as 1.5%.
Gold prices dropped below $5,000 an ounce as traders booked profits after a previous session's gain fueled by mild US inflation data, with bullion falling 1.5% from its peak and having climbed 2.4% in the preceding session.
Brief written with AI from reporting by Bloomberg. All rights to the original story belong to the publisher.