Gold Prices Retreat From Two Month High
Gold prices retreated from a two-month peak as rising oil prices and hawkish Federal Reserve signals prompted profit-taking. Spot gold fell to $4479 per ounce following recent gains.
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Gold fell 0.9% to $4,479.12 per ounce on Thursday morning following a surprise liquidity move by the United States Treasury. The pullback follows a 4% surge in the previous session that pushed bullion to a two-month peak.
