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 ...

Gold retreated as the dollar pushed higher and investors booked profits after a five-day rally that saw it reach fresh records. Traders also sought clues on the US economy as the government shutdown delayed key data. In the absence of a weekly initial jobless claims report from the government, data from a private outplacement firm got more attention than usual. US employers dialed back hiring plans in September and announced fewer job cuts, according to outplacement firm Challenger, Gray & Christmas. Mos ...