Gold Holds Near Record After Rapid Rally Sparks Pullback Threat

Gold held near a record high, as traders weighed whether the precious metal’s torrid rally had left it vulnerable to pullbacks. Bullion steadied near $4,040 an ounce, about $20 short of Wednesday’s all-time peak. It fell as much as 1% earlier in the session, as technical indicators show gold’s been trading in overbought territory for the past month, likely leading to some profit-taking by investors. Most Read from Bloomberg In a potential hit to gold’s haven demand, US President Donald Trump announced ...