Gold Eases from Record High as Investors Book Profits

GOLD - NEW YORK. Gold prices retreated from a new record high on Thursday as investors booked profits after the latest leg of a rally that has seen the metal gain almost 16% this year driven by safe-haven demand and expectations of lower interest rates.

Spot gold was down 0.4% on the day at $3,036.54 an ounce at 1234 GMT, having risen as far as $3,057.21 earlier in the session. U.S. gold futures rose 0.1% to $3,044.70.