Gold Pulls Back Below $4,000 But Set for Weekly Gain

Core Insights - Gold prices have fallen below the $4,000 mark but are still on track for an eighth consecutive weekly gain due to ongoing structural drivers [1] - New York futures rose by 0.2% to $3,982.10 per troy ounce in early trading and have increased by 1.9% for the week [1] - The recent decline from record highs is attributed to profit-taking and reduced geopolitical risks following Israel's agreement to President Trump's cease-fire and hostage release plan in Gaza [1]