Gold Retreats From Peaks But Maintains Bullish Momentum

24.10.25

Gold prices dipped slightly on Friday but remained near record highs as uncertainty surrounding the upcoming U.S. presidential election and escalating tensions in the Middle East fueled safe-haven demand. Despite pressure from a stronger dollar and higher Treasury yields, gold was on track for its third consecutive week of gains, with spot gold rising about 0.2% for the week after hitting a record high of $2,758.53 an ounce.

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