Commodities
Gold Wavers After Record-Breaking Run Triggers Profit-Taking
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Gold traded in a narrow band on Wednesday after falling 1.3% the previous session, when traders booked profits from the metal’s latest record-breaking run.
Bullion traded near $2,915 an ounce, about $40 shy of Monday’s fresh all-time high. It’s been supported in recent days by weak US data that’s boosted hopes for a Federal Reserve interest-rate cut as soon as July, while President Donald Trump’s tariff threats have increased haven demand.