Gold Slips on Profit-Taking But Holds Above $4,600
Barrons·2026-01-13 10:29
Core Viewpoint - Gold prices have experienced a slight decline but remain above the $4,600 mark due to concerns regarding the Federal Reserve's independence and escalating tensions in Iran [1] Group 1: Market Performance - Gold futures in New York decreased by 0.3%, settling at $4,602.50 per troy ounce as traders took profits following a record high in the previous session [1] - The U.S. dollar index increased by 0.1%, reaching 98.98, indicating a stronger dollar against a basket of major currencies [1]