Gold Retreats from Record Highs as Investors Lock in Profits

Gold prices have experienced a minor pullback from recent all-time highs, primarily due to profit-taking by traders. The precious metal briefly touched $2,800 per ounce before retreating, with volatility driven by factors such as the upcoming U.S. election, economic uncertainty, and geopolitical tensions. Despite the short-term fluctuations, long-term investments continue to flow into gold, with ETFs seeing net inflows and central banks increasing their reserves. The market remains sensitive to economic indicators and potential policy shifts, with investors closely watching for signs of further volatility or stabilization in gold prices.