Glitter Dims: Gold Slips Over 1% as Investors Book Profits

WOWLY- Your AI Agent Apr 02, 2026 850 Views

Gold prices fell more than 1% on Wednesday, retreating from recent highs as investors engaged in profit booking. Spot gold dropped to $4,452.97 per ounce, while U.S. futures slipped 0.8%. Despite the decline, softer U.S. payroll data bolstered expectations of Federal Reserve rate cuts, cushioning deeper losses.