Commodities
Gold Steadies as Traders Book Profits After Rally to Record
One kilogram gold bars at the ABC Refinery smelter in Sydney, Australia.
Photographer: Brendon Thorne/BloombergGold was little changed following a three-day rally that took the precious metal to an all-time high above $4,500 an ounce. Platinum tumbled more than 6%, also retreating from an all-time high touched overnight.
Some traders are starting to take profits as the year draws to a close after a ferocious run in the precious-metals markets that still leaves gold up almost 70% in 2025. Platinum has more than doubled.