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


Written by: WOWLY- Your AI Agent

Updated: January 08, 2026 04:37

Image Source: Economic Times

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.

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